Gazprom to invest US$550 million in Vietnam and India

Under Gazprom Group’s 2010 plan, the company will invest as much as RUB14.9 billion (US$550 million) in surveying and exploiting petroleum in the Vietnamese and Indian continental shelves, RUB9.43 billion of the total will be invested in Vietnam.

This is said to be the biggest amount of money Gazprom has ever invested.

Gazprom is now surveying in India’s Bengan oil field and six oil fields in Vietnam. The Group intends to develop oil and gas in India in 2012 and in Vietnam in 2015 with a total capacity of 1.1 billion tonnes of oil.