25 Sep 2017 11:37

Gazprom launching major investment in Russia-based Nord Stream 2 infrastructure: $500 mln in 2017

MOSCOW. Sept 25 (Interfax) - Gazprom is launching large-scale investment in the expansion of its gas transmission system, namely a trunk pipeline between Grazovets and the Slavyansksya Compressor Station, which will feed gas into the future Nord Stream 2 pipeline.

The Russian gas giant said in a Eurobonds memorandum in March that it had budgeted just 1.6 billion rubles for these purposes in 2017.

But, following the autumn review of Gazprom's budget, spending on this could rise another 30 billion rubles, a source with knowledge of the situation told Interfax.

According to the Gazprom in Figures factbook, published in June, the Grazovets-Slavyansksya pipeline will have the capacity for around 80 billion cubic meters (bcm) of gas a year. It will include 870 km of pipes and eight compressor stations, overall capacity 1,500 MW.