2 Jul 2010 14:27

Gazprom expects gas deliveries to reach pre-crisis level by 2012-2013

MOSCOW. July 2 (Interfax) - Gazprom's gas deliveries to the Russian market will return to the pre-crisis levels in 2012-2013, the gas giant's deputy head for development, Alexander Fomin, said at the International export conference Energy Safety: Russia and the EU.

"The expected increase in total industrial output will allow us to reach pre-crisis gas deliveries to Russian consumers in 2012-2013," he said, adding that the Russian market accounts for around 60% of total production.

Fomin also said that Gazprom's investment in production, transport, gas-processing and gas chemicals until 2020 will come to 8 trillion rubles. Annual investment comes to 730 billion rubles. The bulk of investment will be earmarked for transport, 47% of total investment. The opening of new fields and production support at already developed fields will come to 160 billion-180 billion rubles a year. Development of gas processing and gas chemicals will come to over 1 trillion rubles.