Gazprom Output To Rise 5% In 2015 After Fall This Year
ST PETERSBURG, Russia, Oct 7 (Reuters) – Russia's top natural gas producer Gazprom expects its gas output to rise by around 5 percent next year, Vsevolod Cherepanov, a member of the management board, said on Tuesday, as this year's production is poised to drop to an all time low.
Gazprom expects its gas output to fall to 463 billion cubic metres (bcm) this year due to a pricing dispute with Ukraine, however some analysts believe that it would barely reach 450 bcm, a record low level since 1989, when the company was created out of the Soviet gas ministry.
In January-September, Gazprom's natural gas production reached 311.6 bcm.
"We are planning, studying our potential and readying production facilities to satisfy demand," Cherepanov told reporters.
Gazprom has also lost market shares to its rivals, such as Novatek and Rosneft.
(Reporting by Denis Pinchuk; writing by Vladimir Soldatkin; editing by Alessandra Prentice and William Hardy)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Court Rejects PGniG's Attempt To Limit Gazprom's Use Of Opal Pipeline (Oct 13)
- Russia's Gazprom Signs LNG Supply Deal With Ghana (Sep 18)
- Gazprom Says Sanctions Won't Stop Nord Stream 2 Pipeline Project (Aug 30)