Summary
Gazprom, the world's largest natural gas firm, began production at the Zapolyarnoye field in western Siberia on Oct. 5 and also began deliveries to the Netherlands. These two events signal a shift in the balance of power between Europe and Russia. Europe now has no choice but to invest in Russia's natural gas industry to keep its own economies functioning.
Gazprom, the world's largest natural gas firm, began production at the Zapolyarnoye field in western Siberia on Oct. 5 and also began deliveries to the Netherlands. These two events signal a shift in the balance of power between Europe and Russia. Europe now has no choice but to invest in Russia's natural gas industry to keep its own economies functioning.
Analysis
Russian natural gas giant Gazprom began deliveries on Oct. 5 to a new customer: Gasunie, a Dutch natural gas firm. On the same day, Gazprom also began production at Zapolyarnoye, a massive new field measuring 3.2 trillion cubic meters in western Siberia.
Russian natural gas giant Gazprom began deliveries on Oct. 5 to a new customer: Gasunie, a Dutch natural gas firm. On the same day, Gazprom also began production at Zapolyarnoye, a massive new field measuring 3.2 trillion cubic meters in western Siberia.
These two events will allow Russia to engage in a flurry of new infrastructure development and make Gazprom a much more attractive investment partner for global energy firms. The events also mark a sea change in the region's energy politics. Russia has proven it can arrest the decline of its
