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Gazprom Board Chairman: Russia's gas reserves to last hundreds of years

October 09, 2013, 15:43 UTC+3
One may well expect gas to replace petroleum products as motor fuel soon, Viktor Zubkov said
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MOSCOW, October 9 (Itar-Tass) - Gas reserves in Russia will last for hundreds of years, so one may well expect gas to replace petroleum products as motor fuel soon, the chairman of Gazprom’s board of directors, Viktor Zubkov, said at a meeting of the Gas Equipment Producers Association on Wednesday.

“Experts say the world’s remaining oil reserves will run dry in just 52 years from now. The rate of depletion will vary by countries. Meanwhile, gas reserves in Russia will be far from exhaustion hundreds of years ahead, so I suggest one and all to switch to gas,” said Zubkov.

As Itar-Tass reported earlier, in 2013-2014 Gazprom is planning to allocate 13 bln rubles for the development of new motor-vehicle gas-filling compressor stations (MVGFCS). Previously Zubkov said Gazprom had started developing 99 new MVGFCS in order to sell gas motor fuel in Russia’s twelve largest major cities.

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