Gazprom eyes cash for gas production boost

摘要

GAZPROM'S executive board has recommended urgently boosting the Russian state-controlled gas monopoly's upstream investments, with an extra 161 billion roubles (US$2.1 billion) for spending in the fourth quarter of this year. The proposal comes as Russian authorities look to increase efficiencies in Gazprom's operations, including field revitalisation projects to address declining gas production at its core legacy assets in West Siberia's Yamal-Nenets region.