Gazprom Expects Record 2011 Export Revenue of $72.4 Billion

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OAO Gazprom expects 2011 total export revenue to top the 2008 record as natural-gas prices increase and demand for the fuel recovers in Europe.

Gazprom expects total export revenue of $72.4 billion this year, or $2.5 billion more than the record in 2008, Deputy Chief Executive Officer Alexander Medvedev said today in London. That includes $52.8 billion from exports of natural gas outside the Commonwealth of Independent States, he said.