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Gazprom

Author

Listed:
  • Catherine Locatelli

    (GAEL - Laboratoire d'Economie Appliquée de Grenoble - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - INRA - Institut National de la Recherche Agronomique - CNRS - Centre National de la Recherche Scientifique - UGA [2016-2019] - Université Grenoble Alpes [2016-2019])

Abstract

Given the scale of its reserves (16.8 % of the global total, according to BP) and output (605 Bcm in 2013), Russia is a major, perhaps essential, supplier for the European Union and international markets. Its gas industry is dominated by a powerful player, the Gazprom financial holding brought into existence by the reforms which followed the collapse of the Soviet Union and its centrally planned economy. Gazprom occupies a unique position in the world market. In terms of reserves (70 % of the Russian Federation's gas reserves), output (487 Bcm), and exports (233.7 Bcm), it is the largest vertically integrated gas company, with interests ranging from exploration to transport. It has a monopoly on Russia's Unified Gas Supply System (for long-distance domestic transport) and on exports by gas pipeline, thanks to Gazprom Export, a wholly owned subsidiary. As such it is an essential player in the European gas market.

Suggested Citation

  • Catherine Locatelli, 2016. "Gazprom," Post-Print hal-01357194, HAL.
    • Handle: RePEc:hal:journl:hal-01357194
    DOI: 10.1007/978-3-642-40871-7_123-1
    as

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