Russian market gas demand to grow faster than output
Gazprom, which pumps about 90% of Russia's gas, plans to produce as much as 590 billion cubic meters of gas in 2020, up from 548 billion pumped last year, according to the company Web site. Gazprom delivered 307 billion cubic meters of gas to the domestic market in 2005, up from 305.7 billion a year earlier. „There are enough gas resources in Russia to meet solvent market demand,” Sergei Kupriyanov, a spokesman at Gazprom, said yesterday in an e-mail. „As long as gas is several times cheaper than alternative sources of fuel, there will be always shortfall for all willing” to buy gas. Russia's domestic demand may rise to 500 billion cubic meters in 2020, Mark Gyetvay CFO at Russia's second-largest gas producer, OAO Novatek, said last November. Gazprom will supply about 244 billion cubic meters, while 256 billion cubic meters will have to be met by supplies from central Asia and producers other than Gazprom, he said, citing estimates by Wood Mackenzie Consultants Ltd. (Bloomberg)
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