"The Caspian gas pipeline that we are building together with Kazakhstan and Turkmenistan remains a commercially profitable project. From our point of view, the route from Central Asia to the north remains the main route compared with any possible alternative projects."
Russian gas giant Gazprom is not afraid of alternative projects to transport gas from Turkmenistan and intends to offer its own initiatives for cooperation, CEO Alexei Miller said, according to a report by Russia's Itar-Tass news agency on Friday.
"The limits to future petroleum supplies have more to do with politics than with geology and resource availability. For example, the most promising acreage remaining in the US is located offshore, most of which is off limits to the industry."
Saudi Arabian oil minister Ali Naimi said Thursday that as much as 5-7 trillion barrels of conventional and non-conventional oil remained to be found and any constraints on future oil supply were linked more to politics than to geology and the availability of resources.
Updated: July 4, 2008
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