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Russia to invest $760.5 mln in gasification projects in 2007

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Russia will invest 20 billion rubles (about $760.5 million) in gasification projects in the country's 58 regions, First Deputy Prime Minister Dmitry Medvedev said in an interview with a Russian TV channel Sunday.
VLADIVOSTOK (Far East), February 18 (RIA Novosti) - Russia will invest 20 billion rubles (about $760.5 million) in gasification projects in the country's 58 regions, First Deputy Prime Minister Dmitry Medvedev said in an interview with a Russian TV channel Sunday.

The legacy Russia inherited after the disintegration of the Soviet Union in the sphere of gasification was complex. As of 1991, the level of gasification in Soviet republics was different, measuring 80% in Azerbaijan, 71% in Armenia, 50% in Ukraine and 40% in Russia, Medvedev said.

"This level of gasification in Russia as of 1991 was extremely insufficient," Medvedev said.

The first vice-premier said Russia's current gasification program envisages that Russian energy monopoly Gazprom pursues not only economic interests but also shoulders social responsibility.

In 2007, the gasification program will involve 58 regions of Russia compared with 53 regions last year, Medvedev said.

"This year, gas is to be brought to the homes of 13 million people, which means every tenth citizen of the country. As a result, the gasification level will total about 64%. This is not only a large economic national project but also a socially important social task," Medvedev said.

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