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Archive for January 24th, 2010

Gazprom cut gas exports by 11% in 2009

Sunday, January 24th, 2010

Gazprom logoGazprom’s exports of natural gas in 2009 fell 11.4 percent to 140 billion cubic meters, says a report to the deputy chairman of Russian gas giant, Alexander Medvedev. The report says the decrease in exports is due to the overall reduction in gas consumption in Europe because of the economic crisis. Details of financial losses due to reductions of Gazprom export, the report shall not be communicated, but according to his previous comments in export earnings of the company for 2009 is 40-42 billion dollars, while in 2008 they were 64 billion dollars. As one of the main reasons for the decline in sales of natural gas to Europe from Gazprom determine the substantial increase in capacity for compressed natural gas from Qatar. Central place in the report whether the loan Gazprom prospects for development of gas market in the U.S.. The leadership of Gazprom will probably continue to discuss it soon the deposit investments amounting to billions of dollars, which is proposed to be developed mainly for the export of compressed natural gas in the United States and Canada.
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