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Eastern Economic Forum

Annual investment in Russian gas sector to total up to $22.7 bln within five years

Russia will continue diversifying gas supplies in the southern and eastern directions, Pavel Sorokin said

VLADIVOSTOK, September 4. /TASS/. Russia’s energy ministry expects investment in the country’s gas sector to total around 1.7-2 trillion rubles ($19.3-22.7 bln) within five years, Russian First Deputy Energy Minister Pavel Sorokin said.

"Gas may add a serious volume of investment in the country, we are speaking about investment worth around 1.7-2 trillion rubles within five years, including pipelines, LNG, development of fields," he said at the Eastern Economic Forum.

Russia will continue diversifying gas supplies in the southern and eastern directions, Sorokin added.

"Gazprom successfully pursues the policy of diversification of supplies, both in the southern and in the eastern directions. This policy will persist," he said.

The Eastern Economic Forum is underway on the campus of the Far Eastern Federal University in Vladivostok on September 3-6, 2024. The main theme of the EEF this year is ‘Far East 2030. Combining strengths to create new potential’. Business activities are broken down into seven thematic blocks: 'New contours of international cooperation', 'Technologies to ensure independence', 'Financial value system', 'the Russian Far East', 'People, education and patriotism', 'Transport and logistics: new routes', and 'Master plans: from architecture to economy'.

The Roscongress Foundation is the Forum’s organizer. TASS is the general information partner of the EEF.

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Eastern Economic Forum

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