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Gazprom's export strategies under the institutional constraint of the Russian gas market

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  • Catherine Locatelli

Abstract

The strategy of the Russian gas company Gazprom is today at the centre of the debate surrounding the security of the European gas supply. The European gas market liberalisation is changing the industrial and commercial (that is to say, contractual) strategies of Gazprom in order to deal with the institutional changes in its main export market. In this context, to secure its market shares Gazprom try to acquire a presence downstream, which will give it access to final consumers. However, exports to Europe are affected by conditions in the Russian domestic market, not only in terms of supply and demand, but also in terms of prices. Russia's internal market can hardly be viewed as a genuine market where supply and demand are regulated by price fluctuations. Copyright 2008 The Author. Journal compilation 2008 Organization of the Petroleum Exporting Countries.

Suggested Citation

  • Catherine Locatelli, 2008. "Gazprom's export strategies under the institutional constraint of the Russian gas market," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 32(3), pages 246-264, September.
  • Handle: RePEc:bla:opecrv:v:32:y:2008:i:3:p:246-264
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    References listed on IDEAS

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    1. Eikeland, Per Ove, 2007. "Downstream natural gas in Europe--High hopes dashed for upstream oil and gas companies," Energy Policy, Elsevier, vol. 35(1), pages 227-237, January.
    2. Sadek Boussena & Jean-Pierre Pauwels & Catherine Locatelli & Carine Swartenbroekx, 2006. "Le défi pétrolier : questions actuelles du pétrole et du gaz," Post-Print halshs-00009622, HAL.
    3. Finon, Dominique & Locatelli, Catherine, 2008. "Russian and European gas interdependence: Could contractual trade channel geopolitics?," Energy Policy, Elsevier, vol. 36(1), pages 423-442, January.
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    Cited by:

    1. Catherine Locatelli, 2015. "EU-Russia trading relations: the challenges of a new gas architecture," Post-Print hal-01131203, HAL.
    2. Catherine Locatelli, 2010. "Russie-Caspienne : l'enjeu de la diversification gazière de l'UE," Post-Print halshs-00541504, HAL.
    3. Catherine Locatelli, 2015. "EU-Russia trading relations: the challenges of a new gas architecture," European Journal of Law and Economics, Springer, vol. 39(2), pages 313-329, April.
    4. Catherine Locatelli, 2014. "The Russian gas industry : challenges to the "Gazprom model"," Post-Print halshs-00853776, HAL.
    5. Catherine Locatelli, 2008. "Russian and Caspian hydrocarbons: energy supply stakes for the European Union," Post-Print halshs-00347523, HAL.
    6. Catherine Locatelli, 2014. "La voie caucasienne, une alternative crédible pour l'approvisionnement gazier de l'UE ?," Post-Print halshs-01057368, HAL.
    7. Catherine Locatelli, 2012. "Relations UE-Russie : les enjeux d'une nouvelle architecture gazière," Post-Print halshs-00755640, HAL.
    8. Boussena, S. & Locatelli, C., 2013. "Energy institutional and organisational changes in EU and Russia: Revisiting gas relations," Energy Policy, Elsevier, vol. 55(C), pages 180-189.
    9. Catherine Locatelli & Mehdi Abbas & Sylvain Rossiaud, 2015. "Russia and China hydrocarbon relations A building block toward international hydrocarbon regulation?," Working Papers hal-01246346, HAL.
    10. repec:hal:wpaper:halshs-00853776 is not listed on IDEAS

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