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Wednesday, April 22, 2009

Iran, Russia, Qatar to become sole gas-producers by 2030

Zawya21 April 2009 - Zawya - Moscow - Iran, Russia and Qatar will be the sole major gas producing countries in the world by 2030, said deputy head of Russia's Gazprom Company. Talking to reporters on Tuesday, Alexander Medvedev added that other gas-producing countries will not be able to export the product. Gas consumption in Europe will surge in future to reach 100 billion cubic meters per annum. According to the Russian official, the increase in gas demand by the European countries will make implementation of major gas projects such as North Europe Gas Pipeline Plan essential. Based on the statistics released by International Energy Agency, Iran ranks first in terms of gas reserves after Russia.

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