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Tough times for Russia's Gazprom as output slumps

The decline in Gazprom's value and gas production coincides with mounting tensions with the European Union, which has accused it of catering to Moscow's geopolitical interests.


FACING a cold shoulder from Europe and increased competition at home, Russia's Gazprom has struggled to assert dominance on the global energy market, prompting speculation the energy giant could have no choice but to splinter.

With the Russian economy slipping into recession...

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