| Summary/Abstract |
Significant change is occurring in the Russian gas sector as the arrival of new entrants is creating the conditions for a gradual evolution of the domestic gas market towards a more competitive environment based upon the commercial realities facing the Russian gas industry. Non-Gazprom producers are increasingly adopting more aggressive marketing strategies to ensure that they create a market for their expanding gas production in a market where demand is constrained. State-controlled Gazprom has yet to demonstrate any significant response to this competitive threat, implying that its position could be significantly undermined over the next few years.
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