Rubrique:Histoire mondiale de l’énergie
Titre Ouvrage:Gazprom - Is 2016 the Year for a Change of Pricing Policy in Europe ?
Édition:Oxford Institute for Energy Studies, Oxford energy comment
This Comment discusses the competitive position of Russian gas in a new lower price environment and examines whether a more actively competitive strategy can benefit both Gazprom and the Russian government in the short and long term. From a number of commercial and political perspectives the logical commercial answer could be yes, but only if Gazprom adopts a new contract model and also commits to trading on European hubs at spot prices in a more wholehearted fashion. Evidence for gradual moves in this direction are emerging and could accelerate in 2016, and although we do not expect Gazprom to actively catalyse a price war we do believe that market forces could lead to this outcome as a logical conclusion for a low-cost producer with significant supply flexibility.