Reuters: Gazprom to up spending in 2013-14 to open new frontiers

Russian gas export monopoly Gazprom plans to boost gas output and push ahead with plans to develop giant fields to supply Asian markets without the financial security of a long-term contract with China, the daily Vedomosti reported on Monday.

Gazprom directors were due to meet on Tuesday to discuss the three-year investment plan, which totals roughly $125 billion. Gazprom was not available to comment. HERE