MOSCOW, February 16 (RIA Novosti) - Russian natural
gas producer Itera said on Monday it had no plans to cut gas
output in 2009 and could even boost it by 6.5% to 12.25 billion
cubic meters.
Itera CEO Vladimir Makeyev said last year the company
produced around 11.5 billion cubic meters of natural gas.
At the same time, Makeyev said the financial crisis and
consumers' non-payments could prompt the company to cut gas
sales to consumers from about 24 billion cubic meters in 2008
to 23 billion cubic meters in 2009 through cuts in the purchase
of gas from outside organizations.
The Itera head also said the company would cut investment
in non-core assets and reduce investment in priority projects
in 2009 due to the crisis.
Itera has filed an application to develop two gas fields
off the Turkmen coast of the Caspian Sea, Makeyev said.
News
