Gazprom faces long pipeline of woes

An article in The Financial Times by Eastern Europe editor Neil Buckley argues that Gazprom is falling on hard times due to the postponement of the Shtokman field development, the European Commission’s antitrust probe, changes in European gas demand and increased competition in the domestic energy sector. But talk among Moscow bankers of the need for a Gazprom break-up is probably wishful thinking. Given Gazprom’s social role, and the Russian leadership’s need to prop up its popularity, the prospect of any further privatisation or break-up is doubtful indeed.

Thursday, September 6, 2012