Gazprom's next gas battle
The Russian giant is ready to defend its market share in Europe and face off the threat of American LNG
The past twelve months have been something of a curate's egg for Gazprom—good in parts. The company has managed to halt its recent production decline with a small rebound in output to just under 420bn cubic metres, but has struggled in several business segments. Sales to former Soviet Union countries fell sharply as Ukraine made a determined effort to reduce imports from Russia to zero; domestic market share fell again; two liquefied natural gas projects (Baltic LNG and Sakhalin 2 expansion) were delayed again, this time until 2023-24; and negotiations with China over a second export pipeline have dragged, while the start of supplies under the first contract (via Power of Siberia) seem to be
Also in this section
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
26 February 2026
OPEC, upstream investors and refiners all face strategic shifts now the Asian behemoth is no longer the main engine of global oil demand growth
25 February 2026
Tech giants rather than oil majors could soon upend hydrocarbon markets, starting with North America
25 February 2026
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true






