Russia's Gazprom says may raise 2017 gas output forecast
MOSCOW (Reuters) -- Russian gas giant Gazprom said on Friday it may increase its gas production forecast due to robust demand.
|Photo Courtesy of Gazprom.
Initial production plans for this year envisaged output of 430 Bcm of gas.
Vitaly Markelov, Gazprom's deputy chief executive officer, also said there have been no talks with Novatek on jointly developing the Tambey group of gasfields in the Yamal region.
Reporting by Vladimir Soldatkin; Editing by Andrew Osborn
Large-scale production of shale gas in the US, which began around the turn of the century, is now feeding US exports in the form of LNG.
Annual demand for natural gas in the EU is pegged at approximately 380 Bm3y–450 Bm3y. A portion of this demand is met by regional production within the EU. However, the European energy system is beset by challenges that are impacting EU gas supply.
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