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Russia’s Gazprom cuts investment budget for 2025, China remains focus

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Russia’s Gazprom on Nov. 28 set its draft investment budget for 2025 at some Rb1.52 trillion ($14 billion), a reduction of some 7% compared with this year’s planned spending. In a statement, Gazprom said next year’s investment budget would provide funds for financing priority projects, including the expansion of the Power of Siberia gas pipeline. ...

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