Shale gas revolution increases pressure on out-of-favour Gazprom
Russian gas giant Gazprom’s glory days are over. It faces challenges from the European Union’s competition regulators, from major shale gas discoveries and from within – its relations with the Kremlin are no longer convivial. It is under pressure to ’unbundle’ its pipelines and give up its monopoly on gas exports. The company is at a crossroads – and all the roads ahead are fraught with problems.
RUSSIAN gas giant Gazprom was the third most valuable company in the world. It was worth an estimated US$350 billion and was in hot pursuit of General Electric for the top slot. That was in the summer of 2008, just before the global financial crisis erupted.
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.