Russian gas producer OAO Gazprom (GAZP.RS) may lower its financial investments 30% this year compared to 2008, the Interfax news agency reported Wednesday, citing the company's Deputy Chief Executive Valery Golubev.
In December, the company approved a total investment plan - capital spending and financial investment - of 920 billion rubles ($28.9 billion) for 2009. But Gazprom, the world's biggest producer of natural gas, has been forced to review its investment plan, as revenue falls due to lower demand for natural gas.