Gazprom’s competition on the domestic market increases its reliance on European sales

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.

Key topics:

  • The structure of the Russian gas markets and role of independent producers
  • Improved access to Gazprom’s domestic gas transport system has allowed independents to increase market share
  • Gazprom’s production and impact of its recent supply deal with China
  • Political rivals challenging Gazprom’s position at home
  • Gazprom’s pricing policy and relations with European customers
  • Importance of European sales for Russia in the light of ongoing political  tensions with Ukraine

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.

About ICIS

ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.

With a global staff of more than 800, ICIS has employees based in HoustonWashingtonNew YorkLondon, Montpellier,Dusseldorf, Karlsruhe, MilanMumbaiSingaporeGuangzhouBeijingShanghai, Yantai, Tokyo and Perth. ICIS is a division of Reed Business Information, part of Reed Elsevier Plc.

About Reed Business Information

At Reed Business Information we provide information and online data services to business professionals worldwide.  Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day.  RBI is part of Reed Elsevier, a leading global provider of data, information and solutions for professional customers.


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