Wednesday, August 29, 2012

Russia 'to cut gas exports'



Published on Aug 29, 2012 by
http://www.euronews.com/ Russia's Economy Ministry is reportedly cutting its gas export forecast for this year due to sluggish demand from recession-mired Europe.

The forecast is said to be reduced to 193 billion cubic metres (bcm) from an earlier 212 bcm.

A government source has told Reuters that it will also reduce its average export price estimate.

State-controlled Gazprom has a monopoly on Russian gas exports.
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