where the firm “owns” all or part of the market. The Economic Moat‚ which refers to how likely a company is to keep competitors at bay‚ contributes to market power (Morning Star‚ N.d.). Aside from being one of the largest corporations in the world‚ Gazprom JSC (Join-Stock Company) is Russia’s largest and most influential energy company employing close to 400‚000 people globally and supplying between 17-20% of the world’s natural gas. Its major business lines are extraction‚ production‚ transportation
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of world’s total reserves)‚ hence there is vast international reliance on Russia (25% of EU’s needs) – At the same time‚ Russia itself is strategically dependent on its gas reserves – Given the strategic importance of gas‚ it is no wonder that Gazprom is partially state‐ owned and holds a monopoly – Sakhalin II phase 2 (focused on gas) slated to cost $10 billion 2 Do these differences matter? Why? • • • The limitations associated with gas means that Russia cannot easily capitalise
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impacts the relationship between Europe and Russia. To answer this question‚ I am going to briefly present the Russian gas company Gazprom and why the gas issue is crucial to the relationship between Europe and Russia. Then I will present the several tensions between the two actors. To finish‚ I will present the actual situation. The Russian gas company is named Gazprom. In 1989‚ with the collapse of the Soviet Union‚ the gas policy of the government had to change. As a result‚ in 1992‚ the gas
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the interplay between economic and political factors in the development of natural gas resources; our aim is to shed light on the political challenges that may accompany a shift to a gas-fed world. In the early 1990s the giant Soviet enterprise of Gazprom began work on a new project to export gas across Belarus to Poland and Germany. This was the first (and so far only) large new Russian gas pipeline project constructed after the dissolution of the CMEA system and the Soviet Union. This project remains
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The South Stream project is designed by Gazprom and ENI; two large companies in the industry of oil and energy. As a result in the following essay‚ the South Stream project and its impact on the economic development for the South Eastern Europe will be discussed and critically evaluated. Hence‚ the geographical and political developments regarding the South East Europe will be provided for better understanding the impact of South Stream. Additionally‚ the impact of economic development of the South
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References: PEI Electronic Publications 14/2010 www.tse.fi/pei BO (2010a) Gazprom seeks new leader of Shtokman Development BP Statistical Review of World Energy (2009) June 2009 E&P Economist (2009) The hunt for shale gas in Europe: bubbling under FT (2010) PEI Electronic Publications 14/2010 www.tse.fi/pei Koivurova‚ Timo (2010) Tausta: Mitä Norja ja Venäjä lopulta sopivat rajakiistassaan? YLE NE (2010) Gazprom game changer: Hello Yamal‚ goodbye Shtokman. New Europe. Issue 871‚ January 31‚
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Journey to Sakhalin Sakhalin Island’s resources include oil‚ gas and coal‚ as well as forestry and fishing. Before the collapse of the USSR‚ oil and gas were being extracted from the ground. Several geological studies show that the vast reserves of Sakhalin’s oil and gas were mainly under the Sea of Okhotsk. After the disintegration of the USSR‚ Russia was eager to rebuild its economy and oil and gas were resources that it could leverage for foreign assistance. Before Sakhalin II‚ Russia would
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INTERNAL ENVIRONMENT: • • • • • Petroliam Nasional Berhad (PETRONAS) Established in 1974 Consists Of: Fully integrated pipeline Value chain (from technological infrastructures to marketing and exploration) • Now operate in over 50 countries INTERNAL ENVIRONMENT: • • • • • • • Business activities conducted: Development and production Sales and distribution of (LNG) Sales of natural gas Marketing Trading Shipping and logistic related activities INTERNAL ENVIRONMENT: • History: • Founded under
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on Russian imports for virtually their entire gas needs.1 The situation did become a public concern during the Russo-Ukrainian “gas war” of January 2009‚ which left parts of South-East Europe in the cold for two weeks in the middle of the winter. Gazprom‚ the monopolist exporter owned 51% by the Russian state‚ which produces around 19.4% of the world’s total output of natural gas‚ sells two thirds of its gas to the EU countries. In 2006‚ for instance‚ Gazprom’s gas sales to Europe
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Shares and Joint Stock Companies in the New Economic Model Elena Torlopova 1st year student The faculty of International Economic Relations Group 3 Maintenance * The main information about joint stock companies * Advantages and disadvantages of joint stock companies * “Blue chips” * Conclusions Introduction Good morning‚ dear colleagues. I’m glad to see everyone here. Thank you for your coming. Let me start by introducing myself. My name is Elena Torlopova.
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