Russian gas monopoly Gazprom believes global demand and its own gas production will be depressed by around 10% for the next 4-5 years, its deputy chief executive said today.
“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 in a Reuters report.