Gazprom and the complexity of the EU gas market: a strategy to define

Sadek Boussena () and Catherine Locatelli ()
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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]

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Abstract: Confronted with an increasingly competitive market in the European Union and the credible threat of a new entrant in the form of liquefied natural gas imports from the United States, Gazprom's traditional export strategy is open to question. The company must decide whether it should launch a price war in order passively to adapt to impending competition and its role as a ‘residual supplier' to the EU gas market, or whether it should take advantage of the current price uncertainty. This article explores the scope for long-term strategic action by Gazprom other than simply engaging in a price war. It is argued that Gazprom could forge a position as a key player in the EU gas market capable of playing the same role as Saudi Arabia does in the global oil market.

Keywords: Gazprom; Russia; LNG; Gas; EU; competition (search for similar items in EconPapers)
Date: 2017-10-17
New Economics Papers: this item is included in nep-cis, nep-ene and nep-reg
Note: View the original document on HAL open archive server: https://hal.science/hal-01618494v1
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Citations: View citations in EconPapers (7)

Published in Post-Communist Economies, 2017, 29 (4), pp.549 - 564. ⟨10.1080/14631377.2017.1349667⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01618494

DOI: 10.1080/14631377.2017.1349667

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