Moscow—Analysts August 17 welcomed the“aggressive” growth strategy of Russia’s larg-est independent gas producer Novatek, whichAugust 16 upped its full year gas output target. Novatek, which has grown from a smallproducer to a mid-sized company, in 2011could provide almost 10% of Russia’s totalgas output. On August 16, its CFO Mark Gyet-vay said the company had increased its 2011gas output forecast to 50-51 billion cubicmeters, up from 48.9 Bcm previously.
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