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

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  • Catherine Locatelli
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    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.

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    Article provided by Organization of the Petroleum Exporting Countries in its journal OPEC Energy Review.

    Volume (Year): 32 (2008)
    Issue (Month): 3 (September)
    Pages: 246-264

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    Handle: RePEc:bla:opecrv:v:32:y:2008:i:3:p:246-264
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