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    Lukoil Sees 4.9% Gas Production Increase

Summary

Russia’s Lukoil disclosed on Monday its forecasts on 2013 production, expecting gas volumes around 25.8 billion cubic meters. It produced 70% in Russia.

by: Sergio

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Natural Gas & LNG News, News By Country, , Romania, Uzbekistan, Russia, Balkans/SEE Focus

Lukoil Sees 4.9% Gas Production Increase

Russia’s Lukoil disclosed its forecasts on 2013 production. It expects gas volumes around 25.8 billion cubic meters. 

‘The gas production volume will grow by 1.2 billion cubic meters, or 4.9%, as compared with 2012,’ reads a note released on Monday

According to the company, it produced 70% in Russia and the remaining 7.7 billion cubic meters overseas.

The company set a number of priorities for 2014. One is the implementation of projects “Kandym Early Gas” and “Complete Development of  Hissar” in Uzbekistan. The company also intends to implement exploration programs in Romania, the Baltic Sea and the Northern Caspian Sea