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Commodities

Thursday April 9, 09:56 AM
Gazprom sees gas demand, output depressed for 5 yrs

MOSCOW, April 9 (Reuters) - Russian gas export monopoly Gazprom believes global demand and it own gas production will be depressed by around 10 percent for the next 4-5 years, its deputy chief executive said on Thursday.

'A reduction in demand of 10 percent will continue for the next 4-5 years,' Valery Golubev told a conference.

Gazprom sees its position in Europe declining by 2020 as it focuses on liquefied natural gas exports and deliveries to Asia, he said.

(Reporting by Vladimir Soldatkin; writing by Melissa Akin; editing by Dmitry Zhdannikov) Keywords: RUSSIA GAZPROM/DEMAND

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