Source Pravda.Ru

Gazprom's Official Forecasts Shortage of Gas Pipelines

By the year 2010, the shortage of Russian gas transportation capacities will come to 100bn cubic meters, Gazprom Deputy CEO Alexander Ryazanov reported speaking at the international gas forum Gas of Russia 2003. According to him, the company's gas production will begin to grow starting in the year 2007 upon reaching the maximum outputs of the gas fields in the far north region. He also said that the company would need $15bn to $20bn in investments in order to increase gas transportation capacities.

At present, Gazprom's investments in the Russian gas industry amount to RUR200bn (about $64.3bn) a year, while only RUR1bn ($32.1m) is provided by independent gas producers. Ryazanov argued that by the year 2010 the volume of investments from independent gas producers should come to some RUR7bn (about $225m) to maintain production outputs at a required level.

© &to=http://www.rbc.com' target=_blank>RBC

Comments
Moving inexorably towards war
Russia rips its economy apart with help from the West
Austria will not ruin its friendship with Russia despite spy scandal
World War I: Remembering the fallen, and the war criminals
Norwegians complain of demoralised NATO soldiers
Russia rips its economy apart with help from the West
MP suggests replacing Lenin's mummy with rubber figure
Austria will not ruin its friendship with Russia despite spy scandal
Russia rips its economy apart with help from the West
Russia unveils nuclear-powered interstellar spaceship
Russia rips its economy apart with help from the West
NATO to build prestrike staging base in Georgia
MP suggests replacing Lenin's mummy with rubber figure
Russia rips its economy apart with help from the West
Russia rips its economy apart with help from the West
Pentagon's goal in the Middle East is to trigger major war between Israel and Iran
Pentagon's goal in the Middle East is to trigger major war between Israel and Iran
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Russia close to recognising Donetsk and Luhansk republics after Donbass elections