Novak: Russia by the end of 2015 will reduce gas production by 1.4%


The extraction of raw materials by the end of this year is expected to reach 633 billion cubic meters, exports, projected to amount to 190 billion, said the head of the Ministry of energy.

MOSCOW, 24 Dec. Russia by the end of 2015, according to preliminary data of the Ministry of energy, will produce 633 billion cubic meters of natural gas, which is 1.4% less than in 2014; gas export (including LNG), in contrast, will grow by 4.9% to 190 billion cubic meters, told journalists the head of Ministry Alexander Novak.

“Production for the year is expected to reach 633 billion cubic meters, export is expected to reach 190 billion”, — said Novak.

In 2014 Russia produced 641,9 billion cubic meters of gas and exported 181,2 billion cubic meters (including liquefied natural gas).

Gas supply to the domestic market of the Russian Federation for the year is expected to reach 440 billion cubic meters against 454,6 billion in 2014, investments in gasification of subjects of the Russian Federation will decline by 4.2 per cent to 27.6 billion rubles.