Business Times: Gazprom Lowers Natural Gas Output Forecast for This Year

OAO Gazprom, Russia's biggest company, lowered its forecast for natural gas output for this year a second time amid competition at home, weak demand in Europe and a milder than expected winter.

The gas exporter plans to produce about 450 billion cubic metres in 2015, Vsevolod Cherepanov, head of gas, condensate, oil production, told reporters in Moscow Tuesday.

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