Gazprom production down 16 percent
Russian gas major Gazprom decreased gas production with 16 percent in 2009 compared to the year before.
Gazprom production shrunk from 550 billion cubic meters of gas in 2008 to 461 billion cubic meters in 2009, Rosbalt.ru reports citing Gazprom official Sergey Kupriyanov.
According to Kupriyanov the reason for the decline is the downfall in gas demand in both Russia and Europe because of the economic crisis. Gas consumption in Russia fell with 10 percent in 2009, in Europe – with 8 percent.
According to the Russian Statistic Service the overall gas production in Russia dropped with a little more than 14 percent in 2009 compared to 2008.
