Gazprom could boost production 50% - deputy CEO .................................
MOSCOW. May 24 (Interfax) - Gazprom (RTS: GAZP) has the capability
to increase gas production 50% from current levels, Alexander Ananenkov,
a deputy Gazprom CEO, said.
Gazprom's press service distributed the commentary after Executive
Director of the International Energy Agency (IEA) Claude Mandil said
that Gazprom does not have enough gas resources to meet its existing
contracts.
"With the size of its current gas reserves, including their
structures, Gazprom will be able to produce up to 900 billion cubic
meters a year. The company will provide for a powerful growth in gas
production and using its reserves through annual investment. The total
amount has tripled to more than $10 billion over the past four years,"
Ananenkov said.
"Gazprom has all the necessary possibilities to strictly fulfill it
responsibilities to all consumers in both Russia and abroad. We have a
clear understanding of how much gas, where and in what period it will be
produced and delivered to all categories of our consumers. We are
working from the demands of the market and are producing as much gas as
we need. Production volume is only limited by market volume and solvent
demand for gas at reasonable prices," Ananenkov said.
"The guarantee of stabile deliveries of Russian gas over the long-
term is the world's largest reserves of natural gas - which Gazprom has
-of 29.1 trillion cubic meters," he said.
Gazprom has set up new capacity to produce gas in Western Siberia
over the past several years that will allow it to enter new markets,
Ananenkov said.
"There is no shortage of gas and cannot be," he said.
"The next new fields to be launched include the South-Russian
field, the Achimov deposit at the Urengoisk oil and gas condensate
field, the Neocomian deposit at the Zapolyarny and Pestsov deposits, the
Tazovsky oil and gas condensate deposit and others," Ananenkov said.
"We will be launching the Yamal deposit where we will produce about
250 bcm of gas. One shouldn't forget about fields in East Siberia and
the Far East. Gazprom will produce 560 bcm in 2010, and 580 bcm-590 bcm
in 2020," he said. |
