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Tuesday, September 30, 2008

Gazprom assesses Eastern Gas Program

RBC, 30.09.2008, Khabarovsk 16:48:45. – The total macroeconomic effect from the implementation of projects stipulated by Gazprom's Eastern Gas Program will amount to RUB 27.8 trillion (approx. USD 1.1 trillion), Deputy Chairman of the Russian gas monopoly's Management Committee, Alexander Ananenkov, told the 3rd Far Eastern International Economic Forum in Khabarovsk today. He noted that the implementation of Gazprom's program in the region from 2015 until 2030 would ensure an additional rise of 3.5 percent to 13.4 percent per year in the area's gross regional product (GRP). Tax payments to the federal and regional budgets are expected to amount to nearly RUB 3.8 trillion (approx. USD 150bn), Ananenkov said, and investment to be made in the projects has been estimated at more than RUB 2.4 trillion (approx. USD 95bn).

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