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A study on Gazprom growth strategy in North East Asian region

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Frame of Image r Seung‐Joo Lee
ABSTRACT
A STUDY ON GAZPROM GROWTH STRATEGY IN NORTH EAST ASIAN REGION By
ANDROPOVA Tatiana
The work outlines current state of Joint-Stock Company «Gazprom», Russia's and world's biggest natural gas producer and exporter. The natural gas market is still developing, and it is highly profitable for Gazprom to fix its presence not only in the traditionally gas-dependent Europe, but also in the rapidly growing Asian market as well. To succeed in this goal, Gazprom has already made a number of acquisitions and started several projects aimed at the North East Asian consumers. The market of North East Asia is highly dependent on the gas supply from the middle East, and the readiness to switch to a neighboring gas producer therefore eliminating unnecessary risks, enabling flexible contracting and improving the energy security in the region. The analysis shows that the potential of Eastern Siberia and Russian Far East natural gas exports is more than enough to feed the needs of the key three importers of the North East Asia – China, South Korea and Japan. Each of three has its own preferences and requirements for the supplies, and therefore Gazprom needs a diversified infrastructure in order to gain and maintain the leading position in the regional gas market. Hence, the strategic development of Gazprom should include the upgrade of the infrastructure and massive investments, including expanding the Liquefied Natural Gas (LNG) division to meet high demand for it.      


Full Text
Title A study on Gazprom growth strategy in North East Asian region
Similar Titles
Material Type Reports
Author(English)

Tatiana, Andropova

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2009
Pages 59
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Energy
Holding KDI School of Public Policy and Management