What is Gazprom’s opinion in this respect?
Alexander Medvedev: Not just drilling, but an efficient drilling. We will explore as many wells as may be required to meet the domestic and foreign demand. We have enough resources. Our investment programs are designed for a long prospective and envisage export to North America and South-Eastern Asia. DP: However, Gazprom’s production is declining. According to some estimates as soon as by 2010 gas deficiency can make up 100 bcm. Last winter the concern experienced difficulties in supplying southern Russia. Alexander Medvedev: I absolutely disagree. The last-year production decline was determined by the warm winter. It doesn’t make sense producing gas when nobody needs it. DP: However, the development of new fields has been getting more capital-intensive. Alexander Medvedev: For this reason we closely watch oil and gas prices. The European Union should be more worried about the cartel conspiracy between producers of equipment, machinery and pipes. Behind that we witness the lack of cap
Related Questions
- Is it necessary for a Party against whom a Complaint in respect of a CN domain name or Chinese domain name has been filed with the Hong Kong International Arbitration Centre (HKIAC) to respond?
- Does the fact that Obama used drugs in his past cause you to lose respect for him?"
- What is Gazprom’s opinion in this respect?
