Gazprom to boost gas production

Gazprom plans to increase natural gas production by 100bn cubic meters by 2020 thanks to the development of new gas fields, the deputy head of the Russian energy holding's strategic development department Sergei Pankratov told a press conference in Moscow today according to RBC. He explained that the implementation of new projects, for which Gazprom had already received licenses, was expected to result in a rise in gas output by 300bn cubic meters. However, the total increase in gas production will amount to a mere 100bn cubic meters, due to a reduction in gas output in already existing gas fields.