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Gazprom Cuts Yamal Gas Field Output Forecast on Lower Demand

OAO Gazprom, the world’s biggest gas producer, cut its output forecast at its biggest new natural-gas field in the Arctic Yamal Peninsula by 36 percent this year after demand for the fuel contracted.

Bovanenkovo, which holds enough gas to feed the world for 18 months, will probably produce about 29.5 billion cubic meters a year, rather than the 46.3 billion cubic meters previously planned, Vsevolod Cherepanov, head of Gazprom’s production division, told reporters in Moscow today.