Gazprom to cut production and costs on falling demand

Article reports that Gazprom, the state controlled Russian gas monopoly, in a briefing to investors in London 10 February 2009, said it was planning to take tough measures to cut costs and production, reduce its foreign borrowing and reschedule major investment projects, to meet a sharp decline in demand for gas at home and abroad.

Website: Gazprom http://www.gazprom.com/

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