Eastern Europe and Russian Natural Gas: The movement away from Gazprom

The supply of natural gas to Eastern Europe has long been the preserve of Russian state-backed giant Gazprom, but their decade’s long domination of energy supply and heavy influence in the internal machinations of former Soviet countries is now under threat. Since the early promise of vast shale gas riches evaporated amid poor early drilling results, the movement away from dependency upon Russian gas has gained impetus from the growth of Liquid Natural Gas, the development of reverse-flow pipelines and new regulations from the European Union. The combination has given several Eastern European states far improved deals and greatly improved their political bargaining power. Whilst the Russian supply cannot be directly replaced, movement away from one source of natural gas has occurred and is likely to gather pace.

Scope

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Reasons to buy

What means are there to reduce dependency on Gazprom?

What progress has there been in Eastern Europe?

Companies mentioned

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