Russian gas: Gazprom under pressure from home-grown rivals

Many of Gazprom's low-cost gas fields are already in long-term decline (photo: dpa)
Many of Gazprom's low-cost gas fields are already in long-term decline (photo: dpa)

Russia’s domestic market is heavily regulated and subsidised, with the state-owned company, Gazprom, having a large part of the domestic market to itself. But internal competition is increasing from smaller producers, which are more efficient and cost-effective. Gazprom is losing ground, not just domestically but also in its trade with Europe, where the increase in demand for gas is slowing.

RUSSIA has regained its position as the world’s largest producer and exporter of natural gas in 2010 with 26 per cent of the global total, but its global share of the gas market, via the state-owned company, Gazprom, fell in the last decade.

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