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Monday, December 08, 2008

Russia pushes back gas flare plan

4 December 2008 - Upstream OnLine - Russia has delayed its plan to reduce gas flaring to 5% by three years to 2014, Russia's Natural Resources Minister Yuri Trutnev said. Both the Energy & Natural Resources ministries have decided to postpone the target, Trutnev told Reuters. Prime Minister Vladimir Putin had previously set a 2011 deadline. Russia has said it flares nearly $13 billion of gas each year.

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