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Gas Glut, LNG Surge Could Hurt Russia: IEA

3:40 AM ET Thu, 4 Feb 2010

Russian oil and gas exports are crucial for the global economy and their revenues are important for Russia, Fatih Birol from IEA said Thursday. But there is a gas glut coming, as well as a surge in LNG from Africa, and that could hurt Russia over the next few years, he added. Oleg Maximov from Troika Dialog joined the discussion.