Russian Domestic Gas Developments
Significant discussion has been taking place within the Russian government on potential changes in the Russian gas sector. The emergence of non-Gazprom players such as Rosneft and Novatek has spurred talk of competition with Gazprom and even the potential break-up of the gas monopoly. However, the current economic crisis in the country, worsening political relations with the West and the need to maintain internal stability have dampened reform prospects. This paper will examine the political and commercial logic for further change in the sector, while also reviewing the outlook for demand, supply and prices.