From the standpoint of gas
export volumes to Europe and Turkey, Gazprom will report the worst fourth
quarter of this century (so far). In Q4-2014, Gazprom
exported about 30 percent less gas than in the same period of 2013. Gas export
revenue is likely to be about a third lower than in Q4-2013.
Daily export flows of the
first two weeks of January 2015 are lower than the flows of December 2014.
East European Gas
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