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Russia’S Oil & Gas Age Coming To End
Views: 1398
Oct 05 2016 12:55 PM | eds in Economy & Politics
Oil and gas resources in Russia may run out by 2030, and
. . . the country doesn’t have much time to diversify its economy,
. . . to minimize reliance on energy income,
. . . Sberbank CEO Herman Gref said on a popular TV show.
According to Russia’s Energy Ministry,
. . . by 2030-2035 global power energy will remain predominantly hydrocarbon-based.
. . . By that time energy production in Russia will be slightly lower than current levels,
but, oil and gas exports will still be the main source of state revenue.
Russia has enough oil, and gas deposits for at least 40 years, said
. . . Deputy Energy Minister Kirill Molodtsov on the sidelines of the
. . . St. Petersburg International Gas Forum.
10-5-2016 Source: Russia’s oil & gas age coming to end
. . . the country doesn’t have much time to diversify its economy,
. . . to minimize reliance on energy income,
. . . Sberbank CEO Herman Gref said on a popular TV show.
According to Russia’s Energy Ministry,
. . . by 2030-2035 global power energy will remain predominantly hydrocarbon-based.
. . . By that time energy production in Russia will be slightly lower than current levels,
but, oil and gas exports will still be the main source of state revenue.
Russia has enough oil, and gas deposits for at least 40 years, said
. . . Deputy Energy Minister Kirill Molodtsov on the sidelines of the
. . . St. Petersburg International Gas Forum.
10-5-2016 Source: Russia’s oil & gas age coming to end
