Alexey Miller's column
Speech by Alexey Miller, Chairman of the Gazprom Management Committee at the annual General Shareholders Meeting
In 2010 Gazprom was supplying Russian and foreign consumers with natural gas, other energy resources and their derivatives in a sustained manner. We have proven in practice that Gazprom is not only a reliable energy supplier, but also an important structure ensuring market stability and predictability.
Gazprom maintained growth in production indicators over 2010 and is recovering steadily to the pre-crisis level. In 2010 we produced additional 57 million tons of fuel equivalent versus 2009. The output of natural gas, our main product, grew by more than 47 billion cubic meters to 508.6 billion cubic meters. Oil production rose by 4 million tons versus 2009.
Positive shifts in production are accompanied by the positive financial dynamics which ranks with those of the world’s most successful gas companies.
“This is a milestone event for Moscow and the Oblast. The new unit will generate power and heat both for the residents of Moscow and its satellite cities and towns. The power unit is specific with a combined cycle mode of heat and power generation, thus allowing authorities of Moscow and the Moscow Oblast to close inefficient boiler houses and switch the enterprises and the residential sector to heat and power supplies from CHPP-26. Thus, the region will be able to save a considerable amount of natural gas”.
“Gazprom was tasked to ensure energy supply to the Olympic venues and rapidly growing infrastructure of the Black Sea coast. At the same time, it was critically important to keep the ecosystem intact in the coastal area where millions of tourists go on holiday every year.
The gas pipeline will allow actively developing the gasification of Sochi and the Tuapse District of the Krasnodar Krai, increasing the living standards of the population and giving a powerful impetus to the resort business development, particularly enabling transition of the Black Sea health resorts to year-round operation.
The Adler TPP will be among gas consumers satisfying over one-third of the forecasted peak demand during the Olympic Games.”
Speech by Alexey Miller at the European Business Congress Annual General Meeting and Conference “Ecological Challenges and the Energy Sector”
Our conference is held at the moment that can literally be described as crucial for the European energy sector. A series of external factors make Europeans see the target model of continental energy supply in a new light.
Political crises in North Africa and the Middle East, the war in Libya and suspended oil and gas deliveries from this country caused changes in the approach to the energy supply risks assessment. The question is clear: Does Europe need another Libya to reduce its dependence on Russia?