Flame 2014: There is no longer a gas boom on the Russian domestic market.:
"The Russian natural gas market is undergoing “huge, tremendous changes,” according to Tatiana Mitrova, Head of Oil and Gas Department, Energy Research Institute, Russian Academy of Sciences, who spoke at Flame in Amsterdam, the Netherlands in a session devoted to markets and developments regarding Russian gas.
Her graph showed that Russia's “Golden Age of Gas” was applicable until the economic crisis hit in 2008. Everything was growing, she recalled, including gas production, imports, exports and domestic consumption by 4%/annum. “It was positive development which has stopped in 2008-09 and then the situation changed dramatically.”
The growth rates now, she said, were much much slower and there was no longer a “gas boom.”"
'via Blog this'
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