Related Articles
Report
Forward article link
Share PDF with colleagues

Gazprom's next gas battle

The Russian giant is ready to defend its market share in Europe and face off the threat of American LNG

The past twelve months have been something of a curate's egg for Gazprom—good in parts. The company has managed to halt its recent production decline with a small rebound in output to just under 420bn cubic metres, but has struggled in several business segments. Sales to former Soviet Union countries fell sharply as Ukraine made a determined effort to reduce imports from Russia to zero; domestic market share fell again; two liquefied natural gas projects (Baltic LNG and Sakhalin 2 expansion) were delayed again, this time until 2023-24; and negotiations with China over a second export pipeline have dragged, while the start of supplies under the first contract (via Power of Siberia) seem to be

Also in this section
LNG power play
24 July 2017
Weak prices are an opportunity for LNG-to-power developers. But projects need the right partners and location to succeed
The US' limited reach
19 July 2017
Deliveries from Sabine Pass to northwest and eastern Europe have begun, but don't hold your breath for an avalanche of North American supply
Abuja goes for gas, again
19 July 2017
Nigeria has long tried to develop a domestic gas market. The Buhari administration is trying again