As the country with the world’s largest proven natural gas reserves, Russia should be feeling pretty great about their energy resources in this new millennia. Russia possesses a staggering 1,680 trillion cubic feet of natural gas; nearly double that of Iran, the nation holding the next largest supply. Unfortunately for Russia, ever since the dissolution of the Soviet Union in 1991, management of these large natural gas reserves has fallen by the wayside. Russia set up a state-owned natural gas monopoly, Gazprom, to manage, continue in exploration, and distribution of known and newly discovered reserves. Gazprom has proven itself unworthy of this task by not having the necessary funds or knowledge base to exploit the bounteous supply beneath Russia’s expansive land mass.

Truthfully, the Russian government should think about radically changing the way they allow Gazprom to handle these resources. Not only are there tons upon tons of untapped natural gas lying in wait for the use of their country, but also for the billions of dollars that would be made for the nation through exporting these huge reserves. Russia has allowed Gazprom to be the only exploration and distribution company in the country; no foreign researchers, geologists, or engineers have been allowed to lend the much needed knowledge and know-how to make their company, and indirectly, the nation more profitable and prosperous. Most countries with large reserves realize that by charging others to join in the drilling, the country as a whole can benefit from the many drilling tariffs they could demand and enjoy the help of much more knowledgeable scientists like those employed by large outfits like Shell and Triple Diamond Energy Corp. In some ways the Cold War has continued in regard to the way Russia’s government continues to shut out foreign development, over-zealously protecting their natural gas reserves with a “if we can’t get it, no one can” attitude.

Gazprom has not only been inefficient stewards of untapped reserves, they have mismanaged the currently producing supplies as well, leading to shortages of natural gas in a country that should be overflowing with it. This company that is the sole provider of natural gas to the entirety of Russia also owns all rights to the 155,000 kilometers of pipelines that carry the natural gas throughout the country. Mismanagement of this pipeline has resulted in Russia’s own population experiencing shortages of the natural gas direly essential for all types of heating and fueling needs. The future of Russia hinges on the Russian government’s ability to encourage and direct its state-owned monopoly to keep in mind the needs of the people they have been chosen to serve.

Author Box Bob K. Jent has 1 articles online
About the Author: Robert Jent is the president of Triple Diamond refinery Energy Corp. Triple Diamond Energy specializes in acquiring the highest quality prime oil and gas properties.

For more information, visit http://www.triplediamondenergycorp.blogspot.com

Print article Report Add New Comment Russian Natural Gas Reserves Management
Log in or Create Account to post a comment. * * Security Code: Change Image Related searches: Russian Natural Gas Reserves Management
natural gas prices natural gas cars georgia natural gas natural gas grills country music natural gas drilling piedmont natural gas oklahoma natural gas gas prices natural gas conversion Related Articles Russian Natural Gas Reserves Management
Natural Gas Drilling in National Parks
Publisher: Bob K. Jent Natural gas deposits are often located in areas of magnificent beauty because they naturally occur within or underneath ancient rock formations, on land or underneath water, where fossilized plant and animal matter has been compressed and broken down over many millions of years. It then is no coincidence that many of these fertile areas are within the boundaries of protected national park areas in the United States. While debates continue on Capitol Hill over drilling bans or permissions within these sanctuaries, it could be helpful to look at instances where drilling and extraction of resources has successfully coexisted … Investing in Today’s Natural Gas Market
Publisher: Brian T Mikes KKR announced it is investing $350 million into East Resources, a privately held company focusing on natural gas exploration. Natural gas ran up to over $13 about a year ago. Now it’s trading for less than $4. Just a few months ago, there were more than 1,600 drilling rigs in operation. Today, the number is less than 700. Think about what happens when demand returns. All About Natural Gas
Publisher: Terry Mickelson Natural gas is an important part of our lives and a fuel that gives you a lot of bang for your buck. In addition to running stoves and other appliances, fuels many power plants that provide electricity to your home and the businesses you patronize every day. Natural Gas “opec” How Far? – Natural Gas, Opec – The Chemical Industry
Publisher: gaga Gas Tenth Ministerial Forum exporting countries 19 at Oran in Algeria’s second largest city. In the context of oversupply, the world’s leading natural gas producers are seeking closer Cooperation , Hope to be like Oil OPEC (OPEC) as a favorable price for the seller. But analysts believe that multiple factors due to limited short-term impact of the forum difficult to show How important natural gas is
Publisher: Rick Martin Natural gas is an important resource for our society. It is not useful only in almost each industry, but also in the households. The same thing is valid for oil as well. The world needs oil and gas to function. Russian Political Conflict
Publisher: Candis Reade The group of International press has quickly pointed out discrepancies along with the election process in Russia as well as the basic conflicts among the Russia and West into the worldwide political stage. This election process deficit is probably the start of the Russian political conflict, which may affect the business aspect as well as the developing market economy of Russia in the future. The Russian Brides Secret
Publisher: artembazykin Russian dating advice and tips for gentlemen who have decided to search for love and romance with former Soviet Union Women, the author writes exclusively for Bridesandlovers.com an International Russian dating site. Russian Business Across Europe
Publisher: Benicio Brown Russian has always been good when it comes to business in their own country, but never really excelled as a whole in other countries.com. All rights reserved.

If you liked this article and you would such as to receive additional information relating to Tower Internals And Packings kindly go to our web site.