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Russia 2014 Gas Export Seen Lowest in Decade as Demand Falls

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Russia, the world’s biggest natural-gas exporter, probably cut 2014 fuel exports to the lowest in a decade as consumption in Europe and Ukraine declined.

OAO Gazprom, the state-run gas-pipeline export monopoly, supplied no more than 195 billion cubic meters of fuel from Russia to the European Union, Turkey and the Commonwealth of Independent States, according to UBS AG estimates. That’s about 10 percent less than in 2013.