Source Pravda.Ru

Vladimir Putin Sure Russian Gas Industry Can Perform More Efficiently

Vladimir Putin is sure that the Russian gas branch can "perform far more efficiently and bring in greater profits to the country". Speaking at a conference at Novy Urengoi on Tuesday, the president stated that the most "painful symptoms" in the industry now are a fall in the output of gas and its deliveries to consumers, growing production costs, and falling cost efficiency. According to Putin, old deposits are being depleted, and the problem of renewing the resources base is becoming increasingly acute. The president noted that Russia's gas reserves are one-third of the world's but "these impressive figures made many forget such criteria as thriftiness and efficiency". Putin also emphasised that the energy component of economic growth is all-decisive.

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases