Gazprom expects a record decline in gas production this year
According to Gazprom’s forecast, gas production by the end of this year will amount to 417.2 billion cubic meters. In 2015, the company’s enterprises reached the lowest level of production to date, 418.47 billion cubic meters.
According to a forecast, presented in a report for the second quarter of this year, natural gas production by the end of this year will be 0.3 percent lower than it was last year. Last year’s gas production by the enterprises of Gazprom reached the lowest level in the company's history. It decreased by 5.73 percent in comparison with 2014.
Gazprom also expects that in 2016, gas production in Russia as a whole will amount to 632 billion cubic meters, which is 3.5 billion cubic meters less than the amount produced the year before.