Recent events have brought global oil, gas industry back to reality — Gazprom chief

Recent events have brought global oil, gas industry back to reality — Gazprom chief The reliability of gas supplies has once again turned into an absolute priority, while gas resources have become a crucial competitive advantage, Alexey Miller pointed outMOSCOW, June 26. /TASS/. The events of recent years have brought foreign energy companies back to reality as they are announcing new oil and gas projects, Gazprom Chief Executive Officer Alexey Miller said during the company’s annual shareholders meeting. "Recent events have brought a number of major foreign energy companies back to reality: those that until recently proclaimed a complete abandonment of fossil fuels are now announcing new oil and gas projects. The reliability of gas supplies has once again turned into an absolute priority, while gas resources [have become] a crucial competitive advantage," he said. Gazprom is the global leader in terms of gas reserves, Miller noted. "We ensure necessary annual investments in replenishing our resource base and systematically conduct geological exploration," he said. In 2025, Gazprom Group increased its gas reserves by more than it produced for the 21st consecutive year, the chief executive stressed. "The increase in gas reserves resulting from exploration activities amounted to 437.3 bln cubic meters," he said. 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