Gazprom CEO: Foreign Energy Companies Announce New Oil and Gas Projects
Quick Look
- Gazprom CEO Alexey Miller stated that recent events have prompted major foreign energy companies to announce new oil and gas projects, prioritizing gas supply reliability.
- He highlighted Gazprom's leading gas reserves and consistent annual increase in its resource base.
AI-generated summary
MOSCOW, June 26. /TASS/. The events of recent years have brought foreign energy companies back to reality as they are announcing new oil and gas projects, Gazprom Chief Executive Officer Alexey Miller said during the company’s annual shareholders meeting.
"Recent events have brought a number of major foreign energy companies back to reality: those that until recently proclaimed a complete abandonment of fossil fuels are now announcing new oil and gas projects. The reliability of gas supplies has once again turned into an absolute priority, while gas resources [have become] a crucial competitive advantage," he said.
Gazprom is the global leader in terms of gas reserves, Miller noted. "We ensure necessary annual investments in replenishing our resource base and systematically conduct geological exploration," he said.
In 2025, Gazprom Group increased its gas reserves by more than it produced for the 21st consecutive year, the chief executive stressed. "The increase in gas reserves resulting from exploration activities amounted to 437.3 bln cubic meters," he said.
