The company plans to add 238.60 billion roubles to the budget compared to the investment programme approved in December 2014.

“The adjusted parameters of the programme are related mainly to the increase in long-term investments,” Gazprom said in a statement.

“The volume of long-term investments will amount to 363.21 billion roubles,” it said.

The group added that it also plans to optimise expenses and decrease costs, “the overall effect of which should amount to 17.39