Russia reduces gas output forecast
The Russian Ministry of Economy has lowered its forecast for natural gas production in 2026 to around 683 billion cubic meters, a decrease of 5.3 billion cubic meters from the previous projection in May. This reduction comes as a result of a review of estimates related to production and exports, attributed to weakening economic relations and declining demand and external markets in the upcoming period. This adjustment impacts the update of the Russian federal budget project and reflects market fluctuations and a decrease in demand for Russian gas.
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