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Gazprom and the complexity of the EU gas market: a strategy to define

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  • Sadek Boussena
  • Catherine Locatelli

Abstract

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.

Suggested Citation

  • Sadek Boussena & Catherine Locatelli, 2017. "Gazprom and the complexity of the EU gas market: a strategy to define," Post-Communist Economies, Taylor & Francis Journals, vol. 29(4), pages 549-564, October.
    • Handle: RePEc:taf:pocoec:v:29:y:2017:i:4:p:549-564
    DOI: 10.1080/14631377.2017.1349667
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    References listed on IDEAS

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    1. Simone Tagliapietra & Georg Zachmann, 2016. "Rethinking the security of the European Union’s gas supply," Policy Contributions 11867, Bruegel.
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    Cited by:

    1. Considine, Jennifer & Galkin, Phillip & Hatipoglu, Emre & Aldayel, Abdullah, 2023. "The effects of a shock to critical minerals prices on the world oil price and inflation," Energy Economics, Elsevier, vol. 127(PB).
    2. Catherine Locatelli, 2018. "La confrontation des systèmes institutionnels nationaux dans l'interdépendance : les échanges gaziers UE-Russie," Working Papers hal-01715932, HAL.
    3. Catherine Locatelli, 2022. "L'industrie gazière : un secteur stratégique pour la Russie," Post-Print hal-03586985, HAL.
    4. Mehdi Abbas & Catherine Locatelli, 2019. "Interdependence as a lever for national hybridization: The EU-Russia gas trade [L’hybridation des systèmes institutionnels nationaux dans l’interdépendance. Les échanges gaziers UE-Russie]," Post-Print hal-02472141, HAL.
    5. Catherine Locatelli, 2020. "Une lecture institutionnaliste de la réforme du secteur gazier russe," Working Papers hal-02734835, HAL.
    6. Natalya S. Shcherbakova & Yulia A. Nazarova & Olga S. Kirichenko & Oleg A. Gorunov & Andrey V. Dubrovsky, 2020. "Evaluation of Gas Industry Competitiveness in the Foreign Market," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 272-279.
    7. Locatelli, C., 2018. "La confrontation des systèmes institutionnels nationaux dans l'interdépendance : les échanges gaziers UE-Russie," Working Papers 2018-03, Grenoble Applied Economics Laboratory (GAEL).
    8. Locatelli, C., 2020. "Une lecture institutionnaliste de la réforme du secteur gazier russe," Working Papers 2020-04, Grenoble Applied Economics Laboratory (GAEL).

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