Russia’s state-controlled natural gas monopoly, Gazprom, will cut its production plan for 2015 to 450 billion cubic meters because of decreasing demand due to warm weather, company officials said, Reuters reported May 19. The company had estimated it would produce 485.4 bcm this year. Officials say the amount of natural gas produced this year will still be more than the 444.4 bcm produced last year. Meanwhile, Gazprom says it hope to begin laying a pipeline for the Turkish Stream project in early June.
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