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Russia s Gas output increases by 19.3% in Jan-July

Russia s Gas output increases by 19.3% in Jan-July

Write: Avon [2011-05-20]
Russia s gas production increased by 19.3% during January-July period to 379 billion cubic meters year on year and the output stood at 0.5% up in July alone month on month basis, according to Russian News agency.

Russia s energy tycoon, Gazprom, increased its output in July by 3.2 percent year-on-year to 33.496 billion cubic meters. Russia's gas export for seven months of 2010 rose 36 percent to 103.604 billion cubic meters.

Compared to July 2009, gas production rose 5.8%, to 43.885 billion cubic meters.

Meanwhile, gas export dropped in July by 21.9%t, down to 11.862 billion cubic meters. According to the Russian Energy Ministry, in 2009 gas extraction fell by 12.4% compared to 2008 and export decreased by 10.3%.

In 2009, Gazprom decreased its output by 16%. In 2010, the gas giant plans to increase production of blue fuel by 12.5%, to 519.3 billion cubic meters.