Posted on 10/18/2018 4:14:30 PM PDT by DUMBGRUNT
The deliveries promised in the deal depend on supplies from two natural gas deposits located in Siberia – the Chayanda oil and gas condensate field in Yakutia and the Kovykta gas condensate field in the Irkutsk Region. The two together have natural gas reserves of 4.1 trillion cubic meters, but neither has yet been developed.
...“a propaganda spin to justify the $70 billion price tag the state has splurged on” for construction of a pipeline to China. “Usually, the costs for similar state funded projects always overstretch the initial price tag,” ... Industry insiders say Gazprom doesn’t have the technology to extract the associated petroleum gas from the Chayanda oil and gas field. “For ten years now they are talking about the development of such technology and we don’t see any results,” Kartashov said.
(Excerpt) Read more at polygraph.info ...
Just like High-Speed Rail.
The Saudis have been saying this all along...
Saudi Arabia Calls The End of Russian Oil Prowess
https://oilprice.com/Energy/Crude-Oil/Saudi-Arabia-Calls-The-End-Of-Russias-Oil-Prowess.html
Looks like they need another 5 year plan.
From your link...anticipates that Russia’s oil exports “will have declined heavily if not disappeared” within the next 19 years...
From this article;Saudi Crown Prince Mohammed bin Salman stated in a recent interview with Bloomberg that within the next 19 years, Russia’s role in the oil markets could substantially decrease. He even suggested Moscow might stop exporting oil.
19 years, an odd interval?
Does not mesh with the 5 year plan system.
Must be the lunar calendar the Saudis use?
I'll predict MBS and the House of Saud will be gone long before the Russians stop exporting oil.
[I’ll predict MBS and the House of Saud will be gone long before the Russians stop exporting oil.]
Well, that is proprietary information and we ain't selling it.
Yea, saw your vids of drill bits breaching the surface.
Just can't get into the zone
Looks like they need another 5 year plan.
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Or American technical expertise & technology.
What if they steal it?
Russia 101 - Gazprom sells a drilling company to Arkady Rotenburg, close friend of Putin. Over the next nine years, he earns from it 6 times the purchase price. Now Gazprom plans to buy it back.
And people wonder why Gazprom’s share price is so low...
https://twitter.com/HenryJFoy/status/1163345894651113472
The market value of Gazprom, which is listed on the London Stock Exchange, peaked at $369 billion in May 2008. Now that investors have figured out that Gazprom is working for its contractors and asset-strippers rather than its shareholders, the company currently trades at $60 billion. That means Gazprom insiders have reduced its value by some $310 billion, which must qualify as either a case of epic bad management or one of the biggest heists of all time. Chief executive Alexei Miller, a former assistant to Putin, has held the job since May 2001, indicating that Putin is satisfied with his performance.
https://www.washingtonpost.com/opinions/2019/06/05/vladimir-putin-is-russias-biggest-oligarch/
Check share price since “MAX” = FEB2006:
https://finance.yahoo.com/quote/OGZPY?p=OGZPY&.tsrc=fin-srch
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