Partially State Owned TNC with Geopolitical Influence - Gazprom, Russia Case Study Flashcards
1
Q
Are they a large extractor of natural gas and oil?
A
- Largest extractor of natural gas.
- 4th largest oil producer in Russia.
2
Q
Are they private?
A
Semi-privatised following the Soviet Union’s break up, removing it from government control.
3
Q
How did the company come back under government control?
A
A further 10.74% was purchased in 2005 for $7 billion from 3 Gazprom subsidiaries.
4
Q
Where does it operate?
A
Algeria, Libya, Bolivia, Venezuela, Kazakhstan, Uzbekistan, Iraq, Vietnam etc
5
Q
How much natural gas was produced in 2011?
A
513.2 billion m^3.
6
Q
How is the natural gas exported?
A
Pipeline and tanker with pipelines running to the Black Sea ports of Novorossiysk and Tuapse and Primarsk on the Baltic Sea.
7
Q
How much of EUs natural gas is supplied by Russia? How is it exported to the EU?
A
- Supplies 25%.
- 80% runs through pipelines in Ukraine. During the Ukraine v Russia war, they stopped supplying Ukraine as much natural gas, which affected the European countries too.
Volodymyr Zelenskiy accused Moscow of ‘gas war’.
