From the Field
Gazprom hopes for $14-bln gas plant investment
MOSCOW, January 28, 2019 – Gazprom is hoping to attract massive investments in the Amur gas processing plant in the Russian Far East, local and international media reported on Monday.
The state gas giant’s target is around USD 14 billion, Reuters reported, citing a Russian-language report in RIA Novosti. The Amur plant, expected to be the biggest in Russia, will supply China through the Power of Siberia pipeline.
The news came days after on Friday Gazprom said that it was planning to invest RUB 17.7 billion (USD 268 million) in gas infrastructure on Sakhalin Island, a territory which Japan also claims, in 2019.
Also on Friday, Russia’s oil behemoth, Rosneft, struck a 20-year deal to operate an oil products storage terminal in Lebanon’s second-largest port city, Tripoli.