Putin spoke of the development of the Shtokman field , which contains 3 trillion cubic meters of gas; of oil and gas pipelines, such as the ones under the Baltic Sea; and of a pipeline from eastern Siberia to the Pacific. Russia has more than doubled oil exports, from three to seven million barrels a day. Putin addressed concerns the current pipeline capacity will not be able to keep pace with demand, saying the projects are "the first in a series that world markets will benefit from soon." Putin also said that the Duma will soon pass laws to clarify the role of foreign investment in future projects. Some have been wary of the Russian government's growing role in the country's energy market. Gazprom , a Russian energy company that the government has the majority stake in, cut supplies to the Ukraine in January, affecting supply in several European countries. 25 percent to a third of the EU's gas supply comes from Russia, much of it by way of the Ukraine.
Putin spoke of the development of the , which contains 3 trillion cubic meters of gas; of oil and gas pipelines, such as the ones under the Baltic Sea; and of a pipeline from eastern Siberia to the Pacific. Russia has more than doubled oil exports, from three to seven million barrels a day. Putin addressed concerns the current pipeline capacity will not be able to keep pace with demand, saying the projects are "the first in a series that world markets will benefit from soon." Putin also said that the will soon pass laws to clarify the role of foreign investment in future projects. Some have been wary of the Russian government's growing role in the country's energy market. , a Russian energy company that the government has the majority stake in, cut supplies to the in January, affecting supply in several European countries. 25 percent to a third of the EU's gas supply comes from Russia, much of it by way of the Ukraine.
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Shtokman field
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Duma
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Gazprom
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Ukraine