Russia's natural gas exports rose 21.2 percent to 84.5bn cubic meters in January-May 2008 compared to the same period of the previous year, the Federal Customs Service reported today according to RBC. Russia's revenue from gas exports surged 75.3 percent to $28.4bn. Exports to countries outside the CIS grew 26.3 percent to 75.5bn cubic meters, while exports to the CIS, in contrast, fell 9.1 percent to 9bn cubic meters.
As reported earlier, Russia's gas production edged up 1.5 percent to 289bn cubic meters in January-May 2008 compared to the first five months of 2007, according to the data provided by the Federal State Statistics Service (Rosstat). The Economy Ministry expects Russia's gas production to increase 3 percent to 673bn cubic meters in 2008 against the previous year.