A research study has projected that by 2030; up to 3 billion people in developing countries would own cars and have a middle-class consumption pattern. This increasing rate of demand for fuel implies that oil and gas companies will have to continue focusing on their core competencies, despite the growth in alternative energy forms such as solar and wind power.
Taking into consideration future energy demands, oil and gas companies are now developing strategic mindsets, strongly reflected in their increasing interest in hydrocarbon reserves. While big players like Shell, ExxonMobil and BP have partnerships with investment companies, to explore and develop hydrocarbon reserves, emerging oil and gas investment firms like GHC Eastern are also increasing investment interest especially in the Eurasian market.
Chairman and CEO of GHC Eastern, Dr. George Haligua stated, “GHC Eastern has identified hydrocarbon reserves in Sakhalin, the combined systems of which are estimated to have a potential of $ 2.2 billion. This partnership will provide not only foreign investment, but foreign expertise and technology, which will leverage Russia’s market position as one of the world’s largest oil producer.”
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