Energy News  
ENERGY TECH
Gazprom To Invest Up To 420 billion Dollars In Projects By 2020

-
by Staff Writers
 Moscow (SPX) Jun 18, 2008
 Russian energy giant Gazprom intends to invest between 8 and 10 trillion rubles ($338-422 billion) in a range of projects between 2009 and 2020, a company spokesman said on Monday.

"According to our forecasts, investment will be between eight and ten trillion rubles by 2020, and annual investment is estimated at some 700 billion rubles," Sergei Pankratov, the head of Gazprom's further development department, said during a briefing.

He said most of the funds would be invested in transportation projects. He also said that no more than 30% of the sum would be invested in production.

Up until 2013, new projects related to development on the Yamal Peninsula in northwest Siberia, which holds Russia's largest natural gas reserves, and on the continental shelf, will be the main target for investment, the official said.

The company plans to increase its annual natural gas output by 100 billion cubic meters by 2020 via its new projects, which are expected to account for about a half of Gazprom's gas production by that time.

The company produced 548.6 billion cubic meters of gas in 2007, and expects a 2.3% rise this year.

Source: RIA Novosti

Community
 Email This Article
 Comment On This Article
Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
 the missing link Powering The World in the 21st Century at Energy-Daily.com


ENERGY TECH
Analysis: Future of Kirkuk field unknown
 Baghdad (UPI) Jun 17, 2008
The Kirkuk oil field in northern Iraq could be producing 70,000 barrels more per day, but a dispute between Iraq's central and Kurdish regional governments has kept the needed equipment gathering dust.
.
Get Our Free Newsletters Via Email
  



.


Memory Foam Mattress Review

SPACE MEDIA NETWORK CLASSIFIED ADVERTISING
 Solar Energy Solutions   ::   
Shop for telescopes online   ::   Tempur-Pedic Mattress Comparison

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: China News
ENERGY TECH
  • Sakhalin II Operator Secures Project Financing
  • Japan PM says 'strong likelihood' of resolving China gas dispute
  • Oil Has Grounded Airlines
  • Gazprom To Invest Up To 420 billion Dollars In Projects By 2020

    • CIVIL NUCLEAR
  • Japan PM says wants 'normal' ties with NKorea
  • IAEA meet to protect nuclear plants from earthquakes
  • Areva reaches deal to boost uranium production in Kazakhstan
  • Romanian operator says IAEA 'positive' on nuke plant

    • BLUE SKY
  • US And UK Research Centers Launch Major Collaboration On Atmospheric Studies
  • NASA Satellites Illuminate Influence of Pollution On Clouds And Climate
  • New clean air rules may endanger parks
  • National Study Examines Health Risks Of Coarse Particle Pollution

    • WOOD PILE
  • If A Tree Falls In The Forest And No One Hears It Does The Climate Change
  • Sierra Leone imposes logging rules after lifting timber ban: minister
  • Hot climate or cold, tree leaves stay in comfort zone: study
  • Swedish tycoon defends interest in Amazon

    • FARM NEWS
  • Farmers Who Plant - Or Replant - After June 20 May See Yields Drop By Half
  • Drought emergency declared in vital California farmland
  • EU to shut down industrial bluefin tuna fishing early
  • Different Production Methods For Rice Fortification In Developing Nations

    • CAR TECH
  • Hungarian "Solo" concept car, super-light and super-ecological
  • Toyota says to ramp up production in China
  • Ford, GM see boost in trade with China
  • Honda starts producing next-generation fuel cell car

    • AEROSPACE
  • The Tu-144: The Future That Never Was
  • China's new jumbo-jet firm no threat to Airbus, Boeing: state media
  • China unveils new jumbo jet company: report
  • NASA And JAXA To Conduct Joint Research On Sonic Boom Modeling

    • NUCLEAR SPACE
  • Nuclear Power In Space - Part 2
  • Outside View: Nuclear future in space
  • Nuclear Power In Space

    • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement