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
Issue
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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Published Version (Please cite this version)