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Gazprom boosts monthly gas production by 20%
RBC, 03.11.2009, Moscow 11:24:30.Gazprom's natural gas production almost reached its pre-crisis level in October, after jumping 20 percent against September, the RBC Daily newspaper reported today. The Russian energy giant attributes this increase to a consistent rise in demand for gas not only on the domestic market, but also on foreign markets. With this in mind, Gazprom is likely to generate $1.1bn in revenue in just one month. In October alone, Gazprom produced 44.913bn cubic meters of gas, with a daily production of 1.45bn cubic meters. This figure is 20.8 percent greater than in September. At the same time, production dropped 1.4 percent against October 2008. In general, the rise in production may be attributed to the seasonal factor, as well as higher purchases by European consumers, who cut gas acquisitions considerably in H1 2009 in expectation of a price drop at the end of the year.
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