Gazprom gives bleak outlook

in Non-Renewable Energy by

Russian gas monopoly Gazprom believes global demand and its own gas production will be depressed by around 10% for the next 4-5 years, its deputy chief executive said today.

“A reduction in demand of 10 percent will continue for the next 4-5 years,” Valery Golubev told a conference.

Gazprom sees its position in Europe declining by 2020 as it focuses on liquefied natural gas exports and deliveries to Asia, he said in a Reuters report.


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