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Gazprom's 2009 adjusted investment program worth $23.5bln - Putin

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Gazprom's adjusted investment program for 2009 is worth 775 billion rubles ($23.5 billion), Russian Prime Minister Vladimir Putin said on Monday.

MOSCOW, July 13 (RIA Novosti) - Gazprom's adjusted investment program for 2009 is worth 775 billion rubles ($23.5 billion), Russian Prime Minister Vladimir Putin said on Monday.

The energy giant's 2009 investment program was earlier projected at 920 billion rubles ($27.8 billion).

However, the premier said plans for the development of the gas sector should be continued.

"Gazprom's investment program should keep the most important and top priority projects, such as the development of new deposits on the Yamal Peninsula and Kamchatka, diversification of gas transportation routes and the development of capacities for liquefied natural gas production," Putin said.

The Russian premier also said that the energy giant would continue its program to build up the gas supply infrastructure in Russian regions, adding that a total of 18.5 billion rubles ($560 million) would be allocated for its implementation.

 

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