Severneftegazprom, which is controlled by Gazprom. As a result of the transaction, Gazprom will retain control over it. In fact, this company controls 1.1 trillion cubic metres of gas, which is an absolutely mind-boggling amount.
(Compare one Russian company reserves to all US reserves of around 8 trillion cubic meters)
The transaction amounts to 1.808 billion euros. Do you realise how much that is? Accordingly, OMV Exploration and Production, which is registered in Austria, acquires a little less than 25 percent (24.99 percent) in the joint-stock company Severneftegazprom. This company belongs to another Austrian company (I mean the acquirer), with 31 percent Austrian capital, and 24 percent owned by the government of the Abu Dhabi Emirate. This is a major deal with the Austrian money coming in, and this is important from the point of view of developing the fields.
Russia is the King of Natural Gas reserves, Iran is the Queen and the prince is Qatar. No one else comes close…
|Rank||Country||Reserves (Trillion Cubic Feet)|
|2||Iran, Islamic Republic Of||1,187.00|
|7||United Arab Emirates||215.00|
|36||Trinidad and Tobago||13.00|
|43||Syrian Arab Republic||8.50|
|46||Papua New Guinea||5.50|
|81||Taiwan, Province Of China||0.20|
|82||Tanzania, United Republic Of||0.20|
|89||Korea, Republic Of||0.20|
Now you know why Qatar is under attack as a sovereign country and exactly why Russia and Iran are hated with all the passion that can be mustard by the Western Empire…
Gas or Gaz as Russia says, is the King of fuels now that oil is becoming hard to extract from the bowls of the earth. Oil had its run, but as I said years ago. Gaz will be King…
Natural Gas is Taking Over The Throne…
and this many years before the article above…
Russia: Will Oil Lose Its Crown?
Is there any doubt as to why the west is going all out to destroy certain countries?
For even if the west is crumbling morally and financially, they still must try to strike and gather all the wool they can, just like the British Empire did many years ago. It is called survival and we are in the middle of the worst game ever, due to the technology that is now available…
God help the planet Earth…
WtR* * Permission: Permission to reprint in whole or in part is gladly granted, provided full credit with link is given... * *