Russia will invest over $400 billion in the development of its gas sector by 2030, Energy Minister Sergei Shmatko said Monday.
"In general, the volume of investment until 2030 is estimated at 12.3 trillion - 14.7 trillion rubles [$412bn-$493bn] in fixed prices as of January 1, 2010," Shmatko told a gas conference.
He also said that under a general gas sector development plan, Russia's annual gas production would increase to one trillion cubic meters from 650 billion by 2030.
NOVY URENGOI, October 11 (RIA Novosti)
