«Gazprom» will invest 850 billion rubles into the investment program in 2018 and 2019

© RIA Novosti / Maxim to Aminopherase in fotomontaggi Gazprom. Archival photo«Gazprom» will invest 850 billion rubles into the investment program in 2018 and 2019© RIA Novosti / Maxim to Aminopherase the image Bank

Gazprom is planning an investment programme in 2018 and 2019, in the amount of 850 billion rubles a year, told reporters the head of the financial Department of the company Alexander Ivannikov.

«We at vartanii «three year olds» is total figure of investment in 2018-2019, so figure 850 billion (rubles — ed.) is no breakdown (project — ed.)», said Ivannikov. In «Gazprom» RIA Novosti explained that we are talking about the average annual level of investment in 2018 and 2019.

When asked about the company’s investment in the construction of «Forces of Siberia» in 2018-2019, Ivannikov said that specific figures for investment in construction of the pipeline in this period there. He reminded that in 2017, Gazprom plans to invest in the «Power of Siberia» 159 billion.

At the end of may 2014, «Gazprom» and Chinese CNPC signed a contract on Russian gas supplies to China via the Eastern route. The agreement is for 30 years and involves the supply of Russian gas to China in the amount of 38 billion cubic meters per year via the main gas pipeline «Power of Siberia».

According to the plan, the total length of the pipeline is about 4 thousand kilometers, his work will provide eight compressor stations with a total capacity of 1331 MW. In early March, «Gazprom» reported that keeps the plans of gas pipeline input in operation from may 2019 to may 2021.