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Gazprom OAO lowers production target for 2014-Interfax


Thursday, 14 Aug 2014 12:18am EDT 

Gazprom OAO:Gazprom is planning to produce 463 billion cubic meters (bcm) of gas in 2014 in comparison with 487.4 bcm produced in 2013, the company said in a financial report to Russian Accounting Standards (RAS) for Q2 2014-Interfax.It was reported earlier that Gazprom was planning to produce 496.4 bcm in 2014.However, based on Jan.-July 2014, Gazprom was already 13.6 bcm down on last year.According to Interfax calculations, for 2014, Gazprom's output could shrink to around 460 bcm, which is the lowest level this century.The previous low was 461.5 bcm in 2009. 

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138.7
1.7 +1.24%
19 Dec 2014