Posted by: zanshin, 2009-07-15 11:31

Story

Gazprom cuts 2009 investment program to $23.5b
2009-07-15 (Wednesday), Tehran Times
MOSCOW (RIA Novosti) - Gazprom has adjusted its investment program for this year to 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).

The adjusted program was approved by the Russian Cabinet on Monday.

"Yes, it has been approved," Economic Development Minister Elvira Nabiullina said.

Meanwhile, Putin said the cuts would not affect the plans for the development of the Russian gas sector.

"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 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.

Putin also expressed confidence that demand for natural gas would grow over the next few months, despite a 20.8% drop in domestic gas output in the first half of 2009.

"We are confident that gas consumers both in Russia and abroad will start to increase their purchases in the coming months, and that demand for gas will not only grow back to the pre-crisis level, but will also substantially exceed it in the long term," Putin said.



© 2009 Tehran Times

Comments


No comments yet.

Please login to post your comment.












All trademarks and copyrights on this page are owned by their respective owners.
Stories, Arguments and Comments are owned by the Poster.
The Rest copyright © 2007 Argumentations.com. All rights reserved. Argumentations.com provides material for research or educational purposes only. We do not warrant the correctness of its contents. The risk from using it lies entirely with the user. While using this site, you agree to have read and accepted our Terms of Use and Privacy Policy. Argumentations.com is far from perfect so if you have any critiques, questions, comments or problems about this site please tell us. Click here to send your feedback. And if you like Argumentations.com please link to this site. It will really help a lot.
   

Tags

Energy,   Gazprom,   Natural Gas,   Putin,   Russia,  

Related statements

No results

View other suggested stories

Date added 
2006-10-04Analysis: Russia's New Imperialism
2006-10-10Russia Seeks Greater Economic Influence in Europe
2006-11-28THE NEW WORLD OIL ORDER, Part 2 - Russia tips the balance
2006-12-12German Ex-Chancellor Defends Russian Pipeline Deal and Putin
2006-12-19Vladimir Putin's Russia - Don't mess with Russia
2006-12-17Baku Banks On Independent Energy Policy
2007-02-20Putin Uses Persian Gulf Trip To Boost Russian Role In Arab World
2007-05-11Turkey stakes a Central Asian claim
2007-06-05'i Am A True Democrat' -- G-8 Interview With Vladimir Putin
2007-06-06Russia Redux?
2007-12-29Russia, Iran tighten the energy noose
2007-12-29Russia clinches gas pipeline deal
2007-12-29European Union-Russia summit a diplomatic debacle
2008-10-26Russia seals Caspian gas pipeline deal
2008-11-14Putin raises concerns over Nord Stream
2008-11-26Pipelines, politics and power -- The future of EU-Russia energy relations -- Introduction
2008-11-26Pipelines, politics and power -- The future of EU-Russia energy relations -- Energy geopolitics in Russia-EU relations
2008-12-23Russia forecast dire for gas markets
2009-01-06Russia Cuts Gas to Ukraine as Both Sides Seek Talks
2009-01-06Russia Reduces Gas Deliveries Via Ukraine; Balkan Supply Halted
2009-02-02Billionaire Firtash Proposes Gas Group for Russia, Ukraine, EU
2009-06-28Putin says Russia unable to make gas payments for Ukraine
2009-07-03Russia's New Scramble for Africa -- Moscow attempts to rebuild its sphere of influence in the African continent
2009-07-22Beyond Dependence: How To Deal With Russian Gas -- Policy Brief
2009-07-03Russia Enters Global LNG Market Thanks to Foreign-Built Plant
2009-07-03Europeans Remiss On Nabucco, Illusion-Prone On South Stream
2009-07-03Nabucco pipeline deal set to be signed by mid-July in Turkey: officials
2009-07-03GasTerra set to strengthen relations with Russia at St. Petersburg forum
2009-06-28Gazprom: no reason to panic
2009-07-05Gazprom is losing Europe
2009-07-15Gas to cloud Germany, Russia talks
2009-06-13Ukraine pledges to pay $500 mln for Russian gas on Friday
2009-06-13EU plans fact-finding missions for Moscow, Kiev on gas supplies
2009-06-17China's Hu meets with Russian leaders for energy, economy talks
2009-06-24Nabucco, an American piece for a European orchestra
2009-06-13Putin warns of gas shutdown to Europe if Ukraine fails to pay
2009-06-13Russian president proposes special forum to solve gas disputes
2009-01-18U.S. urges Russia to resume gas flow after Ukraine deal
2009-01-18TIMELINE: Gas crises between Russia and ex-Soviet neighbors
2008-12-02A Tear in the NATO Bulwark
2008-12-23Putin says 'cheap gas era' ending
2009-03-06In stupidity we trust
2009-03-18Gazprom's gas exports drop almost 50% since start of year - paper
2009-04-05Putin: Russia should continue dialogue with Ukraine on gas
2008-11-27Russia plays the Shtokman card
2008-11-20Intelligence Brief: Russia's Moves in Syria
2008-11-20The Cold Peace
2008-11-14Towards a Grand Strategy for an Uncertain World -- Renewing Transatlantic Partnership
2008-11-13Gazprom says natural gas prices for Europe to drop in 2009
2008-11-13Putin says gas exporters' group no threat to consumers
2008-11-13Russia, Iran in talks on gas cartel
2008-10-26After the war
2008-10-24The World Around Russia: 2017 -- An Outlook for the Midterm Future
2008-11-02A New Axis Forms
2008-10-24Don't Expand NATO: The Case Against Membership for Georgia and Ukraine
2008-06-02Gas Transit and the Price of Imported Gas: Economic Justification
2008-06-07U.S. has few options as oil nations tighten grip
2008-07-30WHO'S IN CHARGE IN THE KREMLIN?
2007-12-29Analysis: Russian pipeline deal
2007-12-17Bridging Troubled Waters
2007-10-29Putin Denounces U.S. Missile Shield
2007-11-06Russia plans big nuclear expansion
2007-11-06Gasunie to join Russia's Nord Stream project
2007-11-09HOW STUPID DO THEY THINK WE ARE?
2008-01-10Analysis: Turkey, Iran shiver together
2008-01-19A Political-Risk Outlook for 2008
2008-01-20Putin Seals Balkans Energy Deals to Boost EU Supplies (Update3)
2008-01-25Serbian victory for Putin and Russia Inc
2008-01-25Head of Russia Inc mixes ruthlessness with diplomacy
2008-01-25Defining diplomacy
2008-04-23NATO and European Energy Security
2007-06-06Contours Of The Putin Era
2007-06-07US missiles hit Russia where it hurts
2007-06-05Interview: Putin Likely to Remain Powerful Figure After 2008
2007-05-29BP moves closer to losing license to Siberian oil field
2007-05-02Country Reports on Terrorism -- Chapter 2 -- Country Reports: Europe and Eurasia Overview
2007-05-04Five events that changed the world in 2006
2007-06-26New economic tigers Brazil, Russia, India and China overtake U.S. in dominating global energy industry, new study says
2007-06-26Russia is back in the Balkans, Black Sea: Putin
2007-07-19'Turkey might lose $6 billion if U.S. attacks Iran'
2007-08-17Russia Sends Long Bombers Back on Patrol
2007-09-02Kazakh oil in Europe
2007-09-06Putin in Indonesia to strengthen economic, security ties
2007-09-25Gas Negotiations Continue In Russia
2007-10-05Power Plays: Fears Over Looming Energy Crisis In Uk
2007-10-09Sarkozy heads to Russia for talks with Putin
2007-10-16The global Oil grab of 2007
2007-03-14The Geopolitics of Energy: Speech given at the IP Week, 2007
2006-12-26Saparmurat Niyazov, Turkmen Leader, Dies at 66
2007-01-08Russia oil row hits Europe supply
2007-01-14Natural Resources are Fuelling a New Cold War
2006-11-28THE NEW WORLD OIL ORDER, Part 1 - Russia attacks the West's Achilles' heel
2006-11-22EU invitation to Putin 'diplomatic blunder'
2006-11-08Russia sets 2007 gas price for Belarus at $200 per 1,000 cu m
2006-11-21A Loveless Berlin-Moscow Romance
2006-10-09The Emerging Russian Giant Plays its Cards Strategically
2006-10-25The new Great Game
2006-10-26Putin Promises to Remain Influential
2006-09-24Blair wades in to Russia oil crisis
2006-10-04The Geopolitics of Natural Gas
2006-09-11Russia to boost Asia energy exports
2006-05-01"We Are Very Vigilant When it Comes to the German-Russian Relationship"
2006-08-25The End Of The Oil Era Looms
2006-10-26Exxon Mobil Profit Rises as Prices, Output Increase
2006-10-26Time for the N word
2006-10-31US-Russian led initiative against nuclear terrorism holds first meeting
2006-09-23How Oil Lubricates Our Enemies
2006-10-25Radioactive Nationalism
2006-11-08Russia's Gazprom pledges to fully meet Ukraine's gas needs in 2007
2006-11-07TURKEY AND THE AZERBAIJANI OIL CONTROVERSIES: LOOKING FOR A LIGHT AT THE END OF THE PIPELINE
2006-11-16Bush is no lame duck for Moscow
2006-11-17Myanmar Is Left in Dark, an Energy-Rich Orphan
2006-11-22US criticises Russia-Germany gas deal
2006-11-22Full text: Vladimir Putin interview
2006-11-23Gazprom to cut natural gas exports to Azerbaijan by 66.7% in 2007
2006-11-28Blair warns of climate change 'tipping points'
2006-11-30Russian gas giant eyes Greece, Bulgaria, Moldova
2006-11-30Four new players enter natural gas import market
2006-12-04Afghanistan: No blood for oil - this time
2007-01-27Putin promises India more nuclear power, but business ties lag
2007-01-02Gazprom's Growing Tentacles
2007-01-08Russia Halts Oil Deliveries to Germany
2007-01-11Seeking an energy holy trinity
2006-12-26The Great Game on a razor's edge