The increase in investments in the global oil-and-gas industry in 2018 may reach 10 percent, Russian Energy Minister Alexander Novak said Wednesday.
"In 2018, I think we will see an increase in investments of about 10 percent compared to the level of 2017," Novak said in an interview with Rossiya-24 television on the sidelines of the World Economic Forum in Davos, Switzerland.
Novak also said that he discussed the increase in Russian gas supplies through the Nord Stream-1 gas pipeline with EU Commission Vice-President for Energy Union Maros Sefcovic on the sidelines of the forum.
"We discussed the increase in the volume of supplies through the Nord Stream-1 gas pipeline," Novak said in an interview with Rossiya 24 television.
Novak also said he will continue consultations on Russia-EU gas supplies issues with Sefcovic in March. - Sputnik -