Friday, September 27, 2019
Russian gas industry and its effects on people environment and Research Paper
Russian gas industry and its effects on people environment and business - Research Paper Example Environmental problems are of a great challenge to Russiaââ¬â¢s citizens and the economy causing among others, respiratory and gastrointestinal illness, budgetary strains, reduction of labor productivity and damaging natural resources. This paper focusses on the Russian gas industry and its effects on people environment and business. Russia boasts of holding the largest natural gas reserves with 1, 688 trillion cubic feet as per 2013 reports, a figure that accounts for about a quarter of the worldââ¬â¢s total proven reserves. Most of Russiaââ¬â¢s reserves are situated in Siberia, Urengoy and Medvezhââ¬â¢ye that account for almost 40% of the countryââ¬â¢s total reserves as other reserves are located in the northern Russia (Miller, 2013). Looking at the gas sector organization, the state run Gazprom dominates Russiaââ¬â¢s upstream and produces almost 74% of the Russiaââ¬â¢s output and further controls more than 65% of proven reserves (World Watch Institute, 2014). Independent producers such as Novatek and LUKoil have also significantly gained and enhanced Russiaââ¬â¢s production even though upstream opportunities are narrowed. However, the Gazpromââ¬â¢s monopoly on the Russiaââ¬â¢s gas export is on the verge of ending as per the governmentââ¬â¢s plans. Most of Russiaââ¬â¢s natural gas reserve under development and production are in the upper part of Western Siberia although Gazpron is investing in new regions such as the Yamal Peninsula to bring gas deposits into the areas. The renown prolific fields in Siberia include Yamburg , Urengoy and Medvezhââ¬â¢ye that are licensed by Gazpron although the three fields have recorded output declines in the recent years (Miller, 2013). The higher production rate of natural gas in Russia has been triggered by the many companies entering the gas industry such as oil companies preempting to develop their gas reserve. The government is also trying to reduce the ever increasing gas
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