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Russia: Gazprom Looking for Alternative Markets

Published: June 3, 2013; 15:04 · (Vindobona)

After 40 years of a surge in revenues, Russian energy giant Gazprom has to face turbulent times in Europe.

Russia: Gazprom Looking for Alternative Markets / Picture: © Gazprom

Revenues at Russian state enterprise Gazprom drop drastically as the energy’s clients are looking for cheaper sources of supply. Even within the domestic market, the energy giant faces competition from indepenent producers. However, there are more reasons for the Kremlin to be displeased. At a summit with top representatives of the European Union in Yekaterinburg, President Vladimir…

This article includes a total of 581 words.

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