The growing surplus in the market of natural gas will reduce
prices and weakening Russia's control over energy supplies to Europe
wrote The Times, referring to the International Energy Agency ( IEA).

The IEA said in a fresh energy review, which in 2015 exceeded
gas supply over demand on a global scale may reach 200 billion
cubic meters per year , the author writes Robin Pagnamenta . According to the chief
IEA economist, Fatih Birol , the excess is due to falling global demand
against the background of recession and growth in U.S. natural gas production from unconventional sources,
so-called " tight gas " and " shale gas ". The excess will be
have a number of other effects , and " call into question Russia's ambitions "
Sales of liquefied natural gas abroad , he added.

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