Gazprom and the complexity of the EU gas market: A strategy to define
S. Boussena and
Working Papers from Grenoble Applied Economics Laboratory (GAEL)
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: GAS; LNG; COMPETITION; EU; RUSSIA; GAZPROM (search for similar items in EconPapers)
JEL-codes: Q41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-ene and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:gbl:wpaper:2017-09
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