Natural gas production in Russia in January-July 2014 decreased by 1.7%

August 4, 2014

Natural gas production in Russia in January-July 2014 decreased by 1.7% year on year to 374.689 billion cubic meters, the control centre of the fuel and energy sector said on Saturday. Gas production in July fell by 7.4% year on year to 42.681 billion cubic meters. Gazprom’s gas production in July dropped by 14.8% to 25.124 billion cubic meters. Since the beginning of the year, the company reduced gas production by 4.7% to 260.881 billion cubic meters.

At the same time, Russia’s three leading independent gas companies increased their production in 2014: NOVATEK by 7.5% to 36.314 billion cubic meters; Rosneft by 7.9% to 31.225 billion cubic meters; and LUKOIL by 2.6% to 10.74 billion cubic meters.

Oil and gas condensate production in Russia in July decreased by 0.3% year on year to 43.94 million tons.

At the same time, the production of oil and gas condensate in the first seven months of the year increased by 0.8% to 304.9 million tons.

Copyright, Itar-TASS, 2014.