Gazprom PJSC is sticking with a conservative natural gas production outlook for 2019 as warm weather and growing competition from super-chilled fuel reduce European demand for supplies piped from Russia.

“We plan to produce 495 billion cubic meters of gas this year,” Deputy Chief Executive Officer Vitaly Markelov said in an interview to the in-house publication, reiterating a conservative forecast the company’s executives made in February.

That volume would mark Gazprom’s first drop in output in five years, from 497.6 billion cubic meters in 2018. The energy company revises its output plans several times a year based on demand in Europe, its largest market. The region currently has plenty of gas in storage after a warm winter reduced consumption, according to Bloomberg.

Gazprom last week estimated that European gas storage facilities are 42 percent full and said that purchases to replenish the stocks “will be significantly lower than in previous years.”