Russia's Economy Ministry has lowered its forecast for the country's natural gas exports for 2010 to 185.2 billion cubic meters, the Interfax news agency reports Friday citing a ministry report.
Russia
's
Economy Ministry has lowered its forecast for the country's natural gas exports
for 2010 to 185.2 billion cubic meters, the Interfax news agency reports Friday
citing a ministry report.
The new estimate is down from 205.7 billion cubic meters forecasted in May and
316.7 billion forecasted in December last year.
The ministry said it revised its forecast due to lower European consumption.
Demand for Russian gas is falling as large quantities of liquefied natural gas
are being sold in
Europe
, while European spot prices
remain lower than long-term contracts with
Russia
's
state gas firm OAO Gazprom (GAZP.RS).
However, the ministry also raised its export forecast for 2011 to 210.1 billion
cubic meters from 207.9 billion, and expects total Russian gas production at
653 billion cubic meters, up from 646 billion forecasted in May.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01