Demand in Europe for Russian gas has flattened out in September, after falling earlier this year, Russian gas producer OAO Gazprom (GAZP.RS) said Friday.

Demand in Europe for Russian gas has flattened out in September, after falling earlier this year, Russian gas producer OAO Gazprom (GAZP.RS) said Friday.

"Statistics for September show that demand [in Europe] for Russian gas is flattening out," the company said in a statement.

State-controlled Gazprom has seen exports to Europe, its most lucrative market, fall significantly this year, due to high prices and lower demand amid an economic slowdown.

Europe depends on Russia for more than a quarter of its gas needs.