Russian gas industry and its effects on people environment and Research Paper

Russian gas industry and its effects on people surround and business - Research Paper ExampleEnvironmental problems are of a great challenge to Russias citizens and the economy causing among some others, respiratory and gastrointestinal illness, budgetary strains, reduction of labor productivity and damaging natural resources. This paper focusses on the Russian gas industry and its effects on people environment and business.Russia boasts of keeping the largest natural gas reserves with 1, 688 trillion cubic feet as per 2013 reports, a figure that accounts for about a quarter of the worlds total turn out reserves. Most of Russias reserves are situated in Siberia, Urengoy and Medvezhye that account for almost 40% of the countrys total reserves as other reserves are located in the northern Russia (Miller, 2013). Looking at the gas sector organization, the state run Gazprom dominates Russias upstream and produces almost 74% of the Russias output and further controls more than 65% of p roven reserves (World Watch Institute, 2014). Independent producers such as Novatek and LUKoil have also significantly gained and enhance Russias production even though upstream opportunities are narrowed. However, the Gazproms monopoly on the Russias gas export is on the verge of ending as per the governments plans.Most of Russias natural gas reserve under development and production are in the upper part of occidental Siberia although Gazpron is investing in new regions such as the Yamal Peninsula to bring gas deposits into the areas. The renown prolific fields in Siberia include Yamburg , Urengoy and Medvezhye that are licensed by Gazpron although the three fields have recorded output declines in the recent years (Miller, 2013). The higher production rate of natural gas in Russia has been triggered by the many companies entering the gas industry such as oil companies preempting to develop their gas reserve. The government is also trying to reduce the ever increase gas