Russian domestic battlefield
Rosneft and Novatek are biting at Gazprom's heels in the domestic market. Its focus is international
Gazprom has dominated Russia's gas industry for decades. Now, as Rosneft and Novatek encroach on its territory, the domestic market looks increasingly like an afterthought for the firm. Three of the company's top executives were in Hong Kong on 2 March for an investor day titled Strong Foothold in Challenging Times. Just one of the 50 slides shown to investors was dedicated to Gazprom's domestic market. Alternative producers are outstripping the monopoly in terms of production growth rates while Gazprom is focusing most of its energies on protecting its market share in Europe. About half of Gazprom's gas is sold domestically—but it only represents about 23% of its sales revenue. "The Russian
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
