Support The Moscow Times!

Gazprom Investment Up

Gazprom said Thursday that it increased this year’s investment program by 13 percent to cover “key” transportation projects and developments in Russia’s east.

Gazprom plans to spend 905.2 billion rubles ($29 billion), including 751.8 billion rubles for capital expenditures, the company said in a statement after management revised its plans for this year.

The gas export monopoly plans to increase spending on the Kirinsky field off Sakhalin, where it boosted gas reserves by 33 percent this year, the Zapolyarnoye field in West Siberia and other deposits to help compensate for declines at aging fields. 


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.