OGZPY PJSC Gazprom (PK)

By Olga Razumovskaya

MOSCOW--Russia's natural-gas monopoly OAO Gazprom (GAZP.RS) will increase its investment program this year by "no less than $4 billion", its chief executive said Tuesday.

In December, Gazprom's board approved a smaller investment program for 2015 than in the previous year of 840 billion rubles ($15.88 billion) although it normally increases the figure during the year.

For 2014, the original program was slated at RUB806 billion but was raised to RUB1.026 trillion in October.

The extra money will be directed towards the company's eastern projects, CEO Alexei Miller said during an interview on state television.

Write to Olga Razumovskaya at Olga.Razumovskaya@wsj.com

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