By ESPNSTAR.com staff
City have been plagued by inconsistency this season, with the reigning Premier League champions managing to win only 13 of their 21 league games this season and scoring 41 goals so far, a measly amount compared to their 93 goals over the course of last season.
In contrast, current league leaders Manchester United have looked in imperious form; the Red Devils have won 17 times in the same amount of games played, amassing a total of 52 points and are currently seven points ahead of City.
But while many have installed United as firm favourites to win the title this season, Kompany insists his side still have a say in the title race and expressed his belief that they could yet make up ground on their arch-rivals.
"A couple of years ago had we fallen seven points behind we would all have said to ourselves that it would be very difficult," Kompany was quoted as saying by the Guardian.
"But now we have done it, nobody panics.
"Everything is still possible. We have proved what we can do and everybody is very calm.
"That's the advantage you get when you win the Premier League once. You have that inner confidence.
"It is a big challenge but that doesn't make it any less interesting.
"We have set our standards high and have worked hard for a long time to bring ourselves into this position.
"We are not going to let it slip now. When you have won the title, you aim for another one.
"That is not just the ambition for 2013 but for the future of the club."
However, the Belgian international also acknowledged that the Red Devils deserved to be in their current league position and claimed the Citizens might have to better last season's point haul of 89 in order to win the title.
"It looks like we will need to finish with more points than last year," Kompany added.
"The reason we are not closer to United is not that we have been playing badly.
"We have only lost two games, which is not a bad record at this stage of the season.
"But United are doing extremely well and, if they continue to play like they have been doing, it will be difficult.
"But we are capable of having a long, long winning streak that will bring us very close."
For now, City will turn their attentions to the FA Cup when they host Watford on Saturday.