Gazprom has raised its production guidance for 2025 from 520-560 billion cubic metres to 540-560 bcm, the Russian gas giant said in a new memorandum for its eurobond programme.
“Given effective demand among Russian consumers and a favorable external market situation, Gazprom’s gas production could amount to about 540-560 bcm by 2025 (including production in Eastern Siberia and the Far East),” the memorandum said.
Gazprom produced 471 bcm of gas in 2017, and the latest estimate for 2018 put output at 497 bcm, a...
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