Posted on Aug. 16, 2007
By Pavel Romanov and Michael J. Economides
Over the last several years, Russian gas production capacity has been growing mainly because of the Sakhalin projects, which have been very successful due to the professional management of the supermajors.
Beyond Sakhalin, Russia’s gas production – as we have written many times in these pages – has been stagnant. This has occurred at the same time that Gazprom, the gas monopoly fully supported by the Kremlin, has continued its efforts to extend its reach both in and outside Russia.