Gazprom outlines spending for Eastern Gas Programme
A gas treatment unit at the Kovyktinskoye field, which will supply Gazprom’s Eastern Gas Programme. (Gazprom)
Gazprom will invest RUB 57.4 billion ($861.8 million) in its Eastern Gas Programme in 2015 and RUB 279.5 billion in 2016, the company’s senior management said in a presentation for an investors’ meeting in Hong Kong on Tuesday.
Gazprom’s Power of Siberia pipeline project was officially launched on 1 September, 2014. However, so far the Russian giant has only started the procurement process for preliminary work such as site preparation and the construction of roads and docks. Prequalification of potential investors for the construction of project facilities ended last week.