Main page > Products > The fuel and energy complex of Russia - Series of analytical reports > Gazprom: Goliath is not going to surrender

Gazprom: Goliath is not going to surrender

Gazprom: Goliath is not going to surrender

Contradictions between major players on the Russian gas market keep accumulating. Depressed demand on the market and increased supply by independent producers restrict gas output of Gazprom and sharpen competition for financially reliable consumers creating the ground for new intrigues around configuration of the sector.

The situation on foreign markets is positive. Russian gas exports to the European Union keep growing. The increased demand for gas imports, concerns about reliability of transit via Ukraine, and mutual tiredness of sanction policies form the background for settlement of gas disputes and for development of constructive cooperation on new projects.

The Asian direction is not left unattended. Decline in revenues from domestic supplies, due to redistribution of the profit margin and departure of premium clients to independent producers, and from exports over low prices of hydrocarbons create problems for Gazprom’s financial standing. Growth in the tax burden on Gazprom contributes to these problems. Nevertheless, a comfortable level of debts and access to Western and Asian markets of capital, coupled with optimization of expenses on gas purchases and investments, enable Gazprom to hold its ground even in current conditions.

This report by the NESF analyzes the current standing of Gazprom.

The report elaborates on the following issues:

  • Gazprom is surrounded by independent producers: the situation on the domestic gas market

    • The situation regarding supply and pricing
    • Development of exchange trade
    • New proposals by independent producers on gas sector restructuring, Gazprom’s counterattack
  • Gazprom on foreign markets

    • New leap into Europe: How long will it last?
    • The problem of transit via Ukraine, the fate of new pipeline projects
    • The Turkish saga
  • Financial and economic standing of Gazprom

    • Taxation of Gazprom
    • Dynamics of revenues and expenses
    • Investment policies
    • Debt burden
  • The medium-term forecast of developments

    • What will happen to restructuring on the domestic market?
    • What awaits Gazprom on foreign markets?

Contents of the report:

1.1. Demand, pricing 4
1.2. Production circuit 8
1.3. New round of struggle for sector restructuring 14
1.4. Gas trade on exchange: interim results, prospects 19
2.1. Gas supplies to EU-28 22
2.2. Gazprom and Turkey 28
2.3. Ukraine, new pipeline projects 31
3.1. Revenue and expenditure 42
3.2. Taxation of Gazprom 45
3.3. Investments. 47
3.4. Debt burden/td> 50
Chapter 4. FORECAST. 54
4.1. Domestic market 54
4.2. Exports 56
Date of release: January 18, 2017

If you are interested to obtain please contact » Elena Kim

Other issues:
Bookmark and Share

Analytical series “The Fuel and Energy Complex of Russia”:

Gazprom in the period of expulsion from the European market. Possible evolution of the Russian gas market amid impediments to exports
Russia’s New Energy Strategy: on Paper and in Fact
Outlook for Russian LNG Industry
Russian Energy and West One Year after Ukraine Conflict Began: Are There Connections Still?
Green Agenda in Russia during Bitter Conflict with West
After February 2022 the agenda was radically rewritten. Western companies began leaving Russia en masse, economic relations with the West were drastically reduced, and the Russian economy began to be pushed violently from the global economic space, hemmed in by sweeping sanctions. All that was, to put it mildly, not the best background for talking about ESG. Especially because tasks of survival and stability under unprecedented pressure became the priority in the economy. In late 2022, however, attempts to reanimate the ESG agenda already became obvious. The message is put across insistently that it is important to Russia regardless of the foreign policy situation. While earlier the “green pivot” was seen as an opportunity to attract Western investors and their technological solutions to Russia, now Keynesian reliance on domestic manufacture is discussed.

All reports for: 2015 , 14 , 13 , 12 , 11 , 10 , 09 , 08 , 07

Rambler's Top100
About us | Products | Comments | Services | Books | Conferences | Our clients | Price list | Site map | Contacts
Consulting services, political risks assessment on the Fuel & Energy Industry, concern of pilitical and economic Elite within the Oil-and-Gas sector.
National Energy Security Fund © 2007