Future Gas Production in Russia: is the concern about lack of investment justified?

Since at least 2006, concern has been expressed by a number of commentators, both western and Russian, that Gazprom has not invested in future production sufficiently to guarantee that it can meet its market obligations and, particularly, its long term contract export obligations to European customers.1 This argument runs that, although Gazprom may have huge reserves, it has not paid enough attention to developing them. Instead, at the behest of the Russian government, it has invested hugely in the Russian oil and electricity sectors, as well as exotic overseas projects in African, Middle Eastern and Latin American countries.

By: Jonathan Stern

Latest Tweets from @OxfordEnergy

  • New issue of Oxford Energy Forum discusses the disruptive impact of interactions between vehicle automation, electr… https://t.co/tJdwhva2xq

    April 18th

  • Oxford Energy Forum – Disruptive Change in the Transport Sector – Issue 112 https://t.co/0fUgz7PCJw

    April 18th

  • Just publihsed by @BourseBazaar a synopsis of our latest @OxfordEnergy Insight on Iran. - https://t.co/9aZMptPmQ7

    April 18th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.