Lukoil Sees 4.9% Gas Production Increase

Russia’s Lukoil disclosed its forecasts on 2013 production. It expects gas volumes around 25.8 billion cubic meters. 

‘The gas production volume will grow by 1.2 billion cubic meters, or 4.9%, as compared with 2012,’ reads a note released on Monday. 

According to the company, it produced 70% in Russia and the remaining 7.7 billion cubic meters overseas.

The company set a number of priorities for 2014. One is the implementation of projects “Kandym Early Gas” and “Complete Development of  Hissar” in Uzbekistan. The company also intends to implement exploration programs in Romania, the Baltic Sea and the Northern Caspian Sea