Interfax reported that Russian gas OJSC Gazprom will allocate RUB 300 million for continuing the gasification of Bashkortostan in 2012 which is 330% more than in 2011.

According to a statement issued by Bashkortostan President Mr Rustem Khamitov, the issue of gasification of populated areas, gas supply and developing an all-Russian gas-chemical center with a techno-park in the town of Salavat were discussed at meeting between Mr Khamitov and Gazprom CEO Mr Alexei Miller in Moscow on Tuesday.

Mr Khamitov said "The plans for working with Gazprom are good. We discussed the issue of continuing the republic's gasification. This year, Gazprom is allocating the unprecedented large amount of 300 million rubles."

He said that Bashkortostan received RUB 70 million in investment from Gazprom for gasification. He added that "Maybe, in two years, we'll reach the figure of RUB 500 million."

(Sourced from Interfax)