In H1 2014, Gazprom reduced capital expenses by 8.3% to 500.97 billion rubles
Edited by Rhod Mackenzie / 2014-10-14 10:14:44
In H1 2014, Gazprom reduced capital expenses by 8.3% to 500.97 billion rubles by ISA. The company gives no explanations for reduction in capital expenses. According to the report by ISA, growth in expenses in the ‘Transporting’ segment is presupposed by construction of the pipelines of Bovanenkovo-Ukhta and enlargement of the united gas supplying system for provision of gas supplies to South Stream gas pipeline.
In 2014, Gazprom was going to reduce capital expenses by 10% to $35-42 billion.
Translated by Nadezhda Poltoratskaya
