Gazprom follows unique course to privatization
- Sibneftegazprom, Moscow (Russian Federation)
Unlike the oil industry, Russian gas is dominated by an officially sanctioned monopoly--Joint Stock Society (RAO) Gazprom. The company produces, transports, and exports most of the gas in Russia, the world leader in gas reserves. Two major challenges confront Gazprom as it adapts to existence as a private concern. One is financing of a major pipeline to Europe for export of gas produced in fields under development in the Yamal Peninsula. The other is collection of debts owed it by customers, both in and outside of Russia, for past gas deliveries. While it grapples with those challenges and the strains of operating a huge gas production and transportation system, Gazprom also must deal with questions about whether it should continue as a monopoly--questions not likely to be answered until Russia`s political situation is more certain than it is now. This paper reviews Gazprom`s production, processing, gas transportation, and marketing businesses. It describes its financing strategies for construction of new pipelines.
- OSTI ID:
- 211897
- Journal Information:
- Oil and Gas Journal, Journal Name: Oil and Gas Journal Journal Issue: 13 Vol. 94; ISSN OIGJAV; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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