16:13 GMT +316 December 2018
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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 and China.

    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.



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