MOSCOW, Dec 25 (PRIME) -- Russian independent gas producer Novatek plans to double its investment program to 400 billion rubles in 2020, CEO Leonid Mikhelson told reporters on Wednesday.
“There are places where we are stable, taking into account our joint ventures - the Yamal LNG and the Arctic LNG-2, and we have large investment in Murmansk (Offshore Superfacility Construction Center). Combined investment is slightly more than 400 billion rubles taking into account our share in the joint ventures,” he said.
In July, Novatek Deputy CEO Mark Gyetvay said that the company raised its forecast for capital expenditures in 2019 to 200 billion rubles from 185 billion rubles.
(62.1673 rubles – U.S. $1)
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