April 27, 2018 / 3:03 PM / a few seconds ago

Russia's Gazprom: new gas plant to need no more than $5 billion in capex

MOSCOW (Reuters) - Russian gas giant Gazprom said on Friday that the construction of a gas processing complex near the Baltic Sea will require no more than $5 billion in capex.

FILE PHOTO: A flag with the logo of Russian gas giant Gazprom flies in front of Zagorsk Pipe Plant (ZTZ) outside Moscow, Russia May 29, 2017. Picture taken May 29, 2017. REUTERS/Sergei Karpukhin/File Photo

The company added that it will allocate a pipeline capacity of 45 billion cubic meters per year for the project.

Reporting by Vladimir Soldatkin; Writing by Gabrielle Tétrault-Farber; Editing by Polina Ivanova

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