Gazprom to invest 14 billion RUB in production program
Gazprom will invest more than 14 trillion RUB in the production program in the period 2010-2013, says Gazprom official. 40 percent of the investments will be used on Yamal and Shtokman. At the same time, Gazprom has lowered the prognoses for production in 2010.
According to Deputy Head for strategic development in Gazprom Sergey Pankratov, the company’s projects on the Yamal peninsula and the Shtokman offshore gas field in the Barents Sea will take 40 percent of investments in the coming four years, web site RosBiznesKonsalting writes.
According to head of Gazprom’s production department, Vsevolod Cherepanov, the company plans to produce 519 billion cubic meters of gas in 2010, a reduction from the original plan of 530 billion cubic meters. The reason for this is lower demand for gas on the markets.
In course of the five first months of 2010 Gazprom produced 228,588 billion cubic meters, which is 21 percent more than in the same period in 2009, Vedomosti reports. The company has experienced a sharp decline in demand for gas in the month of May, and explains this with seasonal variations.
Gazprom plans to increase production in the period 2011-2013, from 528,6 billion cubic meters in 2011 to 565,5 cubic meters in 2013.
