Gazprom Runs Risk Of Losing Leading Position

People ♦ Published: July 9, 2013; 17:54 ♦ (Vindobona)

Currently, only state-controlled energy giant Gazprom is permitted to export gas. Due to cooperations with French Total and Chinese enterprises, Moscow now intends to open the market.

Gazprom Runs Risk Of Losing Leading Position / Picture: © Gazprom

The abandoning of the monopoly would be a historical cut. Russian Energy Minister Alexander Novak told “Kommersant” that changes were introduced. It is expected that in the coming weeks the examination of the government was presented.

The planned legislative amendments becoming effective at the beginning of 2014 are important for a liquid gas project in the Arktic, which…