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Energy reform in Russia and the implications for European energy security.(Company overview)

Abstract: Gazprom's long-term production capacity has been a source of concern both domestically and internationally. It has resisted major development projects out of concern for their high marginal costs and uncertainty over future domestic and international prices. Now the Russian natural gas and power industries are undergoing reform that has potentially far-reaching consequences for European gas supply and energy security. Given the scale of domestic sales and losses, the future profitability of the domestic market will be the determining factor in Gazprom's decisions for investment in future production. Subsidized domestic prices will not allow Gazprom to cover the high ...

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