Gazprom Spending $2 Billion on Belarus Expansion

Bloomberg reported that Gazprom plans to spend $2 billion to fund pipeline expansion in Belarus, which will raise their shipments to the EU by 30 percent.

As quoted in the market report:

Expanding gas storage facilities will cost a further $1.1 billion, and the Russian gas export monopoly plans to approve its three-year and 10-year investment plans for Belarus this month, Miller said near Minsk, where Gazprom opened a gas distribution station today.

To view the whole Bloomberg report, click here.