The Russian government has upped its official long-term estimate for hydrocarbon reserves to over a century as it plans to develop resource production of the Arctic region, which contains 72% of the country’s natural gas deposits.
Russia’s natural gas supplies will suffice for at least 100 years, according to Minister of Natural Resources and Ecology Alexander Kozlov. In a recent interview with Moscow daily RBK, Kozlov said: “The provisions of all oil reserves at the current production rate is 59 years, and natural gas – 103 years.”
Continue reading https://on.rt.com/b80j