USD 63.7606

-0.19

EUR 71.1696

+0.04

BRENT 59.55

+0.5

AI-92 42.28

+0.01

AI-95 46.04

+0.01

AI-98 51.75

0

Diesel 46.25

-0.01

37

Gazprom cuts output forecast

Russian gas export monopoly Gazprom projects the total output volume of 2016 at 409.8bn m³, about 8.7bn m³ ess than last year, the company has said in a regulatory filing.

Gazprom cuts output forecast Gazprom cuts output forecast


Russian gas export monopoly Gazprom projects the total output volume of 2016 at 409.8bn m³, about 8.7bn m³ ess than last year, the company has said in a regulatory filing.

 

The new output forecast contrasts with Gazprom’s department head Vsevolod Cherepanov who forecast this May that the company would increase gas output to 452.5bn m³ in 2016.

The figures for 2015 and 2014 were about 418.5bn m³ and 443.9bn m³ respectively.

 

Gazprom’s forecast about decreasing gas production contrasts with recent export volume data.

According to the federal customs service statistics, the company increased gas exports by 6.1% to 139.5bn m³ in January-September 2016.

However its gas export revenues declined by 31.1% to $21.58bn in the same period.

Source : Neftegaz.RU