Russia has all but lost its title as the world’s biggest producer of natural gas to the United States, and Moscow appears unlikely to reclaim the No. 1 spot until Gazprom manages to capture new foreign markets.
Gas output dropped 12 percent to 582 billion cubic meters last year as demand in the key market, the European Union, slumped amid the economic crisis and an influx of cheaper supplies, the Energy Ministry announced late Monday. Click here to read more.
