Gazprom competitiveness in the European gas market

One of the most important factors in the development of the European gas market remains competition. Stable growth dynamics of Gazprom’s natural gas reserves and a slight decrease in oil reserves in the medium term were revealed. The tasks of increasing gas production and export in order to maintain the stable positive dynamics of recent years have been identified. The competitive situation and the industry environment relevant to Europe are described in detail. The danger of sanctions against PJSC Gazprom to maintain competitiveness, while maintaining the potential for price competition, has been identified.