Gazprom Output to Rise

Gazprom Output to RiseGazprom Output to Rise

Russia's top gas producer Gazprom expects its natural gas output to reach 480 billion cubic meters in 2016 after it fell to an all-time low of 418.5 bcm last year, Interfax cited a company presentation. It also said Gazprom expected the average gas price for Europe to sink to as low as $169 in the worst-case scenario, Reuters reported.