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Gazprom Plans $14 Bln 2018-19 Investment Program - Executive

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The Power of Siberia is a 3,000 kilometer (1,864 mile) pipeline designed to transfer gas from production centers to consumers living in the Russian Far East... 22.06.2017, Sputnik International

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Gazprom Plans $14 Bln 2018-19 Investment Program - Executive

09:25 GMT 22.06.2017 (Updated: 10:20 GMT 22.06.2017)

Gazprom building in Moscow - Sputnik International

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The Power of Siberia is a 3,000 kilometer (1,864 mile) pipeline designed to transfer gas from production centers to consumers living in the Russian Far East and China.

Power of Siberia pipeline - Sputnik International

Russia

Russia-China Power of Siberia Gas Pipeline Construction Going Ahead of Schedule

14 May 2017, 07:00 GMT

MOSCOW (Sputnik) – Russia's Gazprom energy company plans to invest 850 billion rubles ($14.1 billion) in total annually in 2018-2019, financial and economic policy department head Alexander Ivannikov said Thursday.

"We have a total figure for the 2018-2019 investment program in forming the three-year plan, so the figure of 850 billion [rubles] is without breakdown," Ivannikov told reporters.

Gazprom later clarified to Sputnik that the $14.1 billion figure refers to the average annual investment under the investment program in 2018 and 2019.