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$38 BILLION gas PROJECT RUSSIAN GAS Giant 'Gazprom' TO Supply ASIAN MARKETS Moscow Region, Russia October 29, 2012 -Video from RIA Novosti (Видео с Российское агентство международных новостей) Russian President Vladimir Putin met with Gazprom CEO Aleksey Miller at the presidential residence outside Moscow on Monday. The discussions focused on the Eastern Gas Program, the development of gas fields in Siberia, and the construction of new pipeline routes. Putin said the state-run gas company should accelerate prospecting at the Chayanda gas field in Yakutia and the construction of a pipeline linking to Vladivostok on the Pacific coast. Miller reported that overall investments to fulfil these tasks will be around 1.2 trillion rubles ($38 billion). "Constructing the facility requires 430 billion rubles, with some 770 billion for the construction of the gas pipeline", he said. The project is aimed at boosting Gazprom's presence on Asia-Pacific markets. "This is the largest market in the world, and one that is developing very swiftly... So there are lots of prospects, and in the near future we will be able to set up facilities at par with those that supply gas to Europe or even better ones", Miller told Putin. * Aleksey Miller, Gazprom CEO (speaking Russian): Mr. Putin, Gazprom has been consistently implementing the Eastern Gas Programme. Two gas-production centres have been created -- in Kamchatka and Sakhalin. Two gas-main pipelines have been built -- from Sobolevo to <b>...</b>
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$38 BILLION gas PROJECT | RUSSIAN GAS Giant 'Gazprom' TO Supply ASIAN MARKETS