Parvin Faghfouri Azar

Russia has Gas Reserves for more than a Century

Russia’s natural gas reserves will last for more than a century, Alexey Miller, chairman of the board of gas giant Gazprom, said on Friday. “Gas reserves in Russia, Gazprom’s gas reserves are the largest in the world. And we won’t have any problems with our reserves for the next 100 …

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China Oil Consumption Seen Peaking In 5 Years

China’s oil consumption could peak in five years at a daily level of around 16 million barrels, a senior Sinopec executive has forecast, as quoted by Reuters. Ma Yongsheng, acting chairman of the state oil major, also said gas consumption will likely peak around 2040. As for oil, Ma said, …

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China Shows Stunning Potential for Gas Demand Growth

Gas consumption in China is growing faster than in any other country of the Asia-Pacific region, Gazprom CEO Alexey Miller said on Friday. He was speaking at the 24th annual general meeting of the International Business Congress, which took place on September 14-17 in a mixed format. “The Chinese market …

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