Gazprom case study released

Russia's Gazprom is among the largest companies in the world, and by far the world's largest producer of natural gas, with close to a 20% share. Driven by its political masters, it continues to consolidate control over Russia's vast oil and (especially) gas resources, and many Western observers are worried by its international expansion into downstream assets. In a new study of the energy giant, Nadejda Victor details the ways in which Gazprom's actions are distorted by political demands and by the inefficiency of the Russian economy, suggesting that it is headed for a production crisis if business and investment considerations don't start to take a higher priority.