The head of Rosneft Igor Sechin at the St. Petersburg International Economic Forum (PMEF) stated that in the second part of the current year the world risks to face the deficit of oil and gas. It is reported by RBC on Saturday, June 5th.
According to him, the restoration of the global economy is expected to restore energy demand. At the same time, in order to maintain the current level of production until 2040 into the world oil and gas industry, about 17 trillion dollars is required, which will be about a third of all global investments in the energy sector, told Sechin.
He pointed to the loss of leading oil and gas companies in the world. So, the leading American shale companies lost more than 60 billion dollars last year. “Despite the rebeling prices for oil, the industry could not get out of damages,” he stated.
May 26 Deputy Prime Minister Alexander Novak said that Russia assesses the current deficit in the oil market in one million barrels per day.
In March, LUKOIL President Vagit Alekperov announced the risk of a deficit of oil and gas supply in the global oil market in the next five years. According to him, this is due to the insufficient investment in the extractive industry.