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Investment in Gazprom's Amur Gas Processing Plant to Total $22.1Bln

© Sputnik / Vitaliy Ankov / Go to the mediabankConstruction of pipeline from GDS on Russian island
Construction of pipeline from GDS on Russian island - Sputnik International
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Russian Energy Minister Alexander Novak said that the investment in the Gazprom's Amur Gas Processing plant will amount to $22.1 billion.

The stand with the Gazprom company's logo at the Sochi International Investment Forum 2016 - Sputnik International
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MOSCOW (Sputnik) — The investment in the Gazprom's Amur Gas Processing plant will amount to 1.344 trillion rubles ($22.1 billion), Russian Energy Minister Alexander Novak said during a meeting on the implementation of major investment projects in the Russia's Far Eastern Federal District.

"Gazprom plans to launch the first stage of the plant in 2021, and the second in 2024. At least 1.344 trillion rubles will be invested in the project," Novak was quoted as saying in the transcript of the meeting released Friday.

In February, Russian Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yury Trutnev announced that the expected investment in the Amur Gas Processing plant was 690 billion rubles. The contraction of the gas processing plant began in October 2015. Its rated reprocessing capacity will be 42 billion cubic meters of gas per year.

On Thursday, a delegation including Novak and Russian President Vladimir Putin visited the Amur Gas Processing Plant and Nizhne-Bureyskaya Hydro Power Plant in Russia's far eastern Amur Region, after which a meeting on the implementation of major investment projects in the Far Eastern Federal District was held.

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