25 April 2024
Gazprom revises 2011 investments downward to $26 billion
Publication date: 24 November 2010
Gas Strategies Group
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Gazprom’s board of directors has approved a visual_editor011 investment programme of rubles 816.36 billion ($visual_editor6.0visual_editor billion), down almost 10% from its visual_editor010 revised budget of rubles 905.visual_editor billion. With the European gas market well-supplied, and gas demand failing to recover to pre-recession levels, prices continue to trade at lower than average levels.