Russian firms, LNG suppliers top Energy 50 rankings

03/10/2003
Russian firms, LNG suppliers top Energy 50 rankingsThe yearend 2002 ranking of the world's 50 largest energy companies was shaped by some significant events:Russian oil and gas companies continued to scale the Energy 50 list for the second year in a row. These firms posted high returns for 2001 as well (OGJ, Feb 11, 2002, p. 32).While many international companies and traditional electric utilities performed well, energy merchant firms—many of which have dropped from the Energy 50 rankings—"failed to emerge from their slump."Certain energy firms took advantage of the distressed economic environment to acquire assets essential to supplying the US gas market, in expectation o...
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