EU Gas Liberalization as a Driver of Gazprom’s Strategies?

Summary:

Russia and Gazprom's natural gas strategies on the European market are the result of the uncertainties (volumes, prices) created by the liberalization of the EU natural gas market. The company's policy of asset acquisition, begun at the end of the 1990s, the multiplication of export networks, as well as the desire to preserve long-term contracts while benefiting from new contractual opportunities are all clear illustrations of this strategy. Yet the industrial and commercial strategies that Gazprom may develop cannot discount geopolitical issues. Therefore, Vladimir Putin's desire to place hydrocarbons at the service of his economic and foreign policies, notably by making use of large, internationalized companies owned primarily by the state, remains in the background.

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