Today’s worth of Gazprom reserves is estimated at $182.5 billion, Gazprom Neft has $24 billion, RIA Novosti reported referring to Alexander Ananenkov, deputy chairman of Gazprom management committee.
“Our partners have definite confidence in reliability of resource base of Gazprom,” Ananenkov emphasized.As to the gas production, it will probably reach 670 billion cu meters in 2020, though the target is just 590 billion cu meters, Ananenkov said. “With positive or super-positive market environment, we can reach this level of production,” Ananenkov pointed out, specifying that 2010 production is forecasted at 560 billion cu meters at the maximum but may sour to 570 billion cu meters in case of need.
LSE, Gazprom, Rosneft CEOs to Skip St. Petersburg Economic Forum
Gazprom CEO Alexey Miller, Rosneft President Sergey Bogdanchikov and officials from the London Stock Exchange will not attend the St. Petersburg International Economic Forum which starts Friday. Nevertheless, the summit promises to become a landmark gathering of world business leaders.Economic Development and Trade Deputy Minister Kirill Androsov confirmed that Mr. Bogdanchikov would not speak at the forum because of a busy schedule in the Far East.
As for Alexey Miller, he will be unable attend the forum due to some medical reasons. All his meetings for the next two weeks have been cancelled, a source in Gazprom reported.
Unlike their American counterparts, officials from the London Stock Exchange are not going to St. Petersburg. The LSE does not give the reason. The decision, however, may have been taken after the Kremlin derailed the Russian Economic Forum in London, unofficially recommending companies not to boycott it.
One hundred foreign CEOs have been invited to St. Petersburg to meet Russian President Vladimir Putin, First Deputy Prime Ministers Sergey Ivanov and Dmitry Medvedev, Economic Development and Trade Minister German Gref, Energy Minister Viktor Khristenko and others.
The guest list includes Royal Dutch Shell’s Jeroen van der Veer, BP’s Tony Hayward, Chevron’s David O'Reilly, Coca-Cola’s Muhtar Kent, PepsiCo’s Michael White, Siemens’ Klaus Kleinfeld and Magna’s Frank Stomach.
200 heads of top international companies have confirmed their participation, and a dozen agreements worth $3.3 billion are expected to be signed, says Mr. Androsov.
