Gazprom warns on delays to key field

Russia’s Gazprom, the world’s largest gas producer, warned on the 16 June 2009 it could delay the development of the Bovanenkovo gas field, a flagship project crucial for future European supplies, by one year in order to help cut spending by 15%.

However, will European demand revert to a rising stage in the future, as energy reform take place.

Website: Gazprom http://www.gazprom.com/

EurActiv, 25.6.09: Gazprom forecasts 40% drop in sales to Europe http://www.euractiv.com/en/energy/gazprom-forecasts-40-drop-sales-europe/article-183498

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