LONDON, October 22 /PRNewswire/ -- Second only to the Middle East, the Caspian Region of Russia holds a wealth of natural resources and an open opportunity for market growth in the near future. Europe/Eurasia has 11.61% of the world proved oil reserves and 33.5% of the world's proved gas reserves. Frost Sullivan reports that the energy market in this region is one of the most attractive markets today due to its strategic importance for Europe. Investments into pipeline infrastructure alone (North Stream, South Stream and Nabucco) range in the US$ 60 billions, demonstrating the importance that this region plays and will play in the near future. On oil and gas markets in Russia Frost Sullivan will host a complimentary analyst briefing which will take place on 28 October, at 3 pm GMT. The presentation will be live and will include a dedicated question and answer session. It will also be recorded and the recording will be available to everyone interested in these markets.
The European/Eurasian continent is in second place both in terms of quantity of oil and gas reserves and is of high strategic importance for Europe, making this energy market one of the most dynamic in the world, notes Frost Sullivan analyst Christopher Siemienski who will be presenting his analysis.
Oil and gas are the key industries in Russia and in the Caspian Region in general. The current economic crisis demonstrates the need for heavy investment in this industry and the growing need for foreign capital. This traditional state controlled industry is experiencing changes, however challenges still lie ahead.
The briefing will look at market sizing for upstream, downstream and midstream markets, drivers and restraints, and location/quantities of reserves. Investors looking for European opportunities in this industry will find this briefing beneficial.
The opportunities for investment are great. Currently the Russian pipeline infrastructure is highly focused on the European markets and the government is trying to expand towards Asia as to reduce its dependency on Europe. Expansion into Eastern Siberia is another uncharted frontier ripe for investment.
Russia controls around one quarter of the world's gas reserves and has the 8th largest oil reserves in the world, making it one of the more attractive countries in which to invest, states Siemienski.
To participate in this briefing, please email Chiara Carella at firstname.lastname@example.org with the following information: your full name, company name, title, telephone number, e-mail, address, city, state and country. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
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Contact: Chiara Carella Head of Corporate Communications P: +44-(0)-207-3438314 E: email@example.com
SOURCE: Frost SOURCE: Sullivan
CONTACT: Chiara Carella, Head of Corporate Communications,+44-(0)-207-3438314, firstname.lastname@example.org