Russia 's gas monopoly Gazprom (GAZP.RS) has raised its 2013 investment plan to finance long-term projects as well as gas production and transportation, the company said Tuesday.

The board has approved the 2013 investment plan at 1.03 trillion rubles ($32.2 billion), which is RUB320.7 billion higher than the previous plan approved in December.

Gazprom also said its capital investment will total RUB782.1 billion in 2013, up from RUB658.5 billion envisaged initially. Long-term investment will reach RUB244 billion, which is RUB197.1 billion more than previously planned.

The company's 2013 external borrowing plan now stands at RUB229.2 billion compared with RUB90 billion previously.
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