A new era in Russian gas market: the diminishing role of Gazprom

Date

2015

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Source Title

Energy Strategy Reviews

Print ISSN

2211-467X

Electronic ISSN

2211-4688

Publisher

Elsevier

Volume

8

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Pages

39 - 44

Language

English

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Abstract

The Russian gas industry is in a transition, which can be characterized as modest decentralization. While its gas production continues to decline and competition on the Russian market intensifies, Gazprom will have to adapt to changing conditions. Non-Gazprom producers are increasing their share in total gas production. Major structural reforms may make the market structure in gas and oil sectors more and more similar in the longer term. Although liberalization is partly achieved for LNG exports, the pressure is now building on breaking Gazprom's pipeline gas monopoly. On the other hand, Gazprom is currently facing several challenges on the European market. Gazprom might unbundle transmission sector along with others. All these will, sooner or later, prepare the demise of Gazprom monopoly.

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