Novak: Gas production falls in June on low customer activity - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Novak: Gas production falls in June on low customer activity

MOSCOW, Jul 17 (PRIME) – Russia’s gas production in June decreased again as economic activity of the consuming countries remained low, Energy Minister Alexander Novak said late on Thursday.

"June gas production maintained the decreasing trend at 47.7 billion cubic meters (bcm) (minus 12.1% compared with June 2019), which is explained by persistently low economic activity on the main consuming markets, fullness of the European storages after the winter season, a high supply base in the same period of 2019," Novak said.

He said that as the global quarantine restrictions were eased, demand started to recover in June.

End

17.07.2020 08:57