How challenges facing energy giant Gazprom will impact on Russia’s future

Laying pipes to transport gas from Russia to Europe (photo:dpa)
Laying pipes to transport gas from Russia to Europe (photo:dpa)

Russia was once a military superpower. It now strives instead to be an energy superpower and at its heart is one of the world’s largest companies – Gazprom. In the post-Soviet era, Gazprom has enjoyed preferential treatment from the Kremlin and wielded huge influence over neighbouring countries. As the role of oil declines, and that of gas increases, the financial and political costs of maintaining the status quo between the world’s largest extractor of natural gas and the Russian government are being tested. This report looks at the challenges facing Gazprom and considers the implications for Russia’s future.

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