Gazprom, Hit by Crisis, Talks of Delaying Projects
16 Jun 2009
The Financial Times
Gazprom has warned that it could be forced to delay some of its larger projects if European gas demand remains low, according to deputy chief executive Alexander Ananenkov.
Speaking to The Financial Times, Ananenkov said that the company could postpone launching the Bovanenkovo gas field until the third quarter of 2012. Ananenkov added that: "We see that there won't be demand for that gas. So why invest money in what is not in demand?"