Russian independent natural gas producers, such as NOVATEK and oil incumbent Rosneft, led by powerful political figures are squeezing gas major Gazprom on the domestic market. Following the liberalisation of Russian LNG exports in November 2013 voices are heard calling for lifting pipeline gas monopoly too. With Gazprom’s production costs increasing, European demand will remain crucial for keeping its profits steady.
About the speaker
Elizabeth Stonor is the ICIS expert on Russian gas with many years of experience in covering both the Russian domestic market and exports to Europe. A fluent Russian speaker, Elizabeth has long-standing relations with industry figures in Russia, Ukraine and Slovakia, which allowed her to form a well-informed and independent opinion on developments in the sector. Elizabeth has been contributing to ICIS Heren reports since 1995 and has deep knowledge of the history of Russian gas supplies to Europe since the start of liberalisation of European gas markets.
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