1
Q
Outline Gazprom
A
- One of the world’s largest oil and gas companies
- Largest natural gas supply company in the world
- 51% owned by Russian state
2
Q
Give an example of Gazprom’s geopolitical power
A
In 2006, Russia completely cut off the supply of natural gas to Ukraine after Ukraine refused to accept higher prices. This cut European supplies by 40% in some areas
3
Q
Outline the Power of Siberia 2 Pipeline
A
- Pipeline from Russia to China
- 2500km total system length
- Will replace roughly 25-30% of European exports
- May cost over $13 billion
- Allows Russia to shift gas previously sent to Europe towards China
- Unlikely to open before 2030
