Gazprom Plans Increased Investment Into LNG and Gas Transmission
September 06 2018 - 10:07AM
Dow Jones News
By Carlo Martuscelli
Gazprom PJSC (GAZP.RS) said Thursday that it plans on spending
217.50 billion rubles ($3.19 billion) more than originally set-out
for 2018 as it increases investment into liquid natural gas as well
as in gas-transmission projects.
The Russian state-owned oil company said its management
committee approved a revised RUB1.496 trillion draft investment
plan that raised spending compared with the version approved in
December 2017.
The difference is attributable to increased investment in the
development of a gas transmission system in Northwestern Russia and
the construction of an LNG production, storage and shipment complex
near the Portovaya compressor station, the company said.
The revised draft of the investment program will be submitted to
the board of directors, the company said.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
September 06, 2018 09:52 ET (13:52 GMT)
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