Research and Markets: Gazprom in Turbulence - 2012: NOVATEK Sharply Intensified Its Lobbying Efforts Aimed At Eliminating Gazprom's Export Monopoly


Research and Markets ( has announced the addition of the "Gazprom in Turbulence" report to their offering.

After the super successful year 2011, both in terms of the export volume and financial results, Gazprom found itself in a difficult situation. Concessions to European partners and losing the ground on the domestic market led to obvious difficulties.

This was coupled by the government feverishly looking for new sources of budget revenues. Political instability required additional expenses, which led to higher taxes on the gas industry.

The European Commission, on the background of problems with receiving access to Caspian gas resources and Lithuania's complaints, launched antimonopoly investigation against Gazprom. It is fraught with large penalties and problems with business in Europe.

Gazprom retaliated by launching the Bovanenkovo deposit and connecting it to the single system of gas supplies - this is the first field in the Yamal Peninsula. The second line of Nord Stream was also put into operation, and everything is ready for the beginning of laying South Stream.

However, implementation of Shtokman is again delayed, although this is an important project from the point of view of LNG production. Besides, Gazprom has to start realization of the Eastern Program having no guarantee of selling gas.

The report elaborates on the following issues:

Gazprom's positions in upstream segment and on domestic market

- Beginning of Yamal development and gas production forecast

- Maintaining and developing Single System of Gas Supplies

- Difficult relations with independent gas producers

Problems on foreign markets and plans on developing resources in Eastern Siberia and Far East

- Export strategy towards former Soviet states

- Transit risks

- Prospects of antimonopoly investigation, correction of Gazprom policies on European market

- Restructuring of Gazprom's export business

Possibilities of leaving for Asia

- Prospects of gas projects in the East of the country

- Real timeframe of creating export infrastructure there alternative to Europe

Future of Gazprom's LNG projects

- Stalling Shtokman and hopes for LNG plant near Vladivostok

Gazprom's financial standing and political conjuncture around the company and gas industry

- Gazprom's new investment program; priorities of the company

- Fiscal disputes with government; their outcomes

Medium-term forecast of developments

For more information visit

Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Gas

Posted In: Press Releases