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Gazprom's pre-capitalization for projects in the Far East is possible due to the funds of the NWF-Ulyukaev
Russian Minister of Economic Development Alexei Ulyukaev considers it possible to use the funds of the National Wealth Fund for the additional capitalization of Gazprom, RBC reports.
The task of elaborating the issue of capitalization was previously set by President Vladimir Putin in order to finance the construction of additional infrastructure in the Far East, the volume of which is estimated at 55 billion dollars.
The funds will be required for the development of the Chayandinskoye and Kovyktinskoye fields in Eastern Siberia, from which gas will be supplied to China, as well as for the construction of the Power of Siberia gas pipeline.
Putin's press secretary Dmitry Peskov explained to RBC that additional capitalization does not mean an additional issue of Gazprom: “This is not about an injection into the authorized capital, we are talking about project participation. The state can pay for projects.