Are you sure?

Gazprom's gas reserves at 29.8 trillion cubic meters as of early 2007

Russia's energy giant OAO Gazprom said Tuesday its natural gas reserves stood at 29.8 trillion cubic meters as of the beginning of 2007 compared with 29.1 trillion cubic meters a year earlier.

Nail Gafarov, deputy head of the OAO Gazprom department for gas, gas condensate and oil production, said Russia's total natural gas reserves stood at 47.8 trillion cubic meters as of the beginning of 2007, with Gazprom accounting for 62%, independent companies for about 21% and undistributed stocks for about 17%.

Gazprom intends to boost annual natural gas output to 560 billion cubic meters by 2010, to 580-590 billion cubic meters by 2020 and to 610-630 billion cubic meters by 2030, Gafarov told the St. Petersburg forum on the development of the fuel and energy complex. Between 2002 and 2030, Gazprom will spend about 1,915 billion rubles ($73.6 billion) on geological prospecting to increase gas reserves by 27 billion metric tons, Gafarov said. (en.rian.ru)