Russia's future: Eastern Siberia and Far East



Vladimir Putin : politician
The program for the development of the unified gas production and transportation system in East Siberia and the Far East will provide for a more than ten-fold increase in gas output by the year 2015, and for a 15-fold growth of its current level by 2020.
According to the Institute of Oil and Gas Geology at the Siberian branch of the Russian Academy of Sciences, about 26.5 billion dollars will have to be invested in geological prospecting in West Siberia by 2020. To guarantee oil production at the level of 80 million tons by 2030, Russia will have to invest at least 14.5 billion dollars in the industry. The development of the Sakhalin shelf has a price tag of 2.8-3 billion dollars.


Tomberg, I. (2006) Russia's future: Eastern Siberia and Far East, [online] Available: http://en.rian.ru/analysis/20060124/43167857.html [24 January 2006]


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