Russia's gas production, exports future hinges on dramatic changes needed at Gazprom

Russia controls immense reserves of natural gas, but the country faces problems of a comparable magnitude to bring them to market.Russia's proved natural gas reserves are now estimated at 46.9 trillion cu m (tcm).1 This clearly places Russia at the top of the world's gas reserves list; second-ranked Iran controls less than half that amount. Russian gas reserves account for almost a third of global reserves estimated at 154.4 tcm.2 It follows that Russia is bound to play a major role in the worldwide gas industry for decades to come.But can it develop new gas fields fast enough to reverse a recent output decline?Much will depend on state-owned OAO Gazprom, a company dominating Russ...

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