ECIPE Lunch Seminar: Gazprom Crisis and What it Means for Europe

Few companies have been able to exercise such an influence in foreign countries like Gazprom’s, Russia’s state-owned energy firm. But Gazprom’s standing in the European energy market is about to change profoundly. It can no longer control prices as it did in the past. The shale gas revolution and antitrust cases against Gazprom will force it to not only to reduce its prices but also change its coveted structure of long-term contracts. Gazprom has recently abandoned some its larger projects and new energy market competition will continue to erode its revenues.