Dr. Andrey Vavilov releases “Gazprom: An Energy Giant and its Challenges in Europe”

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In Gazprom: An Energy Giant and its Challenges in Europe, author and lead editor Dr. Andrey Vavilov provides a detailed case study of the nature of gas giant Gazprom, one of the biggest energy suppliers and frequent participant in world energy disputes.

Dr. Andrey Vavilov’s book will prove an interesting read not only for specialists in the economic and energy sectors, but also for a wide range of foreign readers interested in the problems of the energy market.

In Gazprom: An Energy Giant and its Challenges in Europe, author and lead editor Dr. Andrey Vavilov provides a detailed case study of the nature of gas giant Gazprom, one of the biggest energy suppliers and frequent participant in world energy disputes.

Gazprom: An Energy Giant and its Challenges in Europe examines this significant company which forms a symbol of Russia’s huge energy resources, and will be published on November 28, 2014 under Palgrave Macmillan. Dr. Andrey Vavilov’s book will prove an interesting read not only for specialists in the economic and energy sectors, but also for a wide range of foreign readers interested in the problems of the energy market.

The history of the Russian gas industry

Gazprom: An Energy Giant and its Challenges in Europe starts with a broad historical overview that encompasses the Russian gas industry as a whole, before discussing this prominent company which goes far beyond classical scope of energy giants. It highlights the role of politics in Russia’s gas trade, as well as the motivation behind Gazprom’s strategies and tactics.

Covering the gas deals of the 1970s up to the recent attempts to create a new “energy empire”, the authors examine the challenges Gazprom faces in the European gas markets and obstacles to implementing new strategic plans.

Gazprom’s strategy

The main focus of this study is the conflict between the vertical integration strategy adopted by Gazprom in the early 2000s, and the company’s options taken in response to ongoing changes in the market.

Within the context of the strategic importance of the energy sector, Gazprom has become an important instrument for enhancing foreign policy. The dynamic nature of the market made the question of choosing the most rational foreign strategy of paramount importance for the company.

The case study authors describe specific features of Gazprom as a vertically integrated company and its monopoly position for the supply of the gas for Russia and some European countries. The authors offer an objective approach to the analysis of Gazprom that is often presented as an energy monster sharply politicized within Russia. In the Russian economy, the company performs a multifunctional role, carrying significant social and economic burdens and combining the function of corporation and government agency.

In addition to analyzing the behavior of the company during the world economic crisis and during the era of post-crisis regulation, Gazprom: An Energy Giant and its Challenges in Europe touches upon some important questions of geopolitics to explain the current processes in the gas market. With the current geopolitical situation, the Russian gas giant could be again be regarded as a key bridge for dialogue between Russia and Europe, and a means for détente.

About the Author and Lead Editor

Dr. Andrey Vavilov is the CEO of the Institute for Financial Studies and Head of SuperOx. From 1992 to 1997, he was an official of the Russian Ministry of Finance, first domestic (current liabilities), then foreign (Eurobonds). As the first deputy finance minister, Dr. Andrey Vavilov was in charge of issuing first Russian Eurobonds during 1996-97 and the so-called Finance Ministry bonds. After this market was thrown open, public debt management became one of Dr. Andrey Vavilov's top priorities. Before this, during the years 1998 to 1999, he was a financial counselor at the RAO Gazprom Board.

In 2010, Dr. Andrey Vavilov became the Chairman of the board of directors of SuperOx, an innovative research and production company which has been in operation since 2006. SuperOx is one of the leading world centers of gathering intellectual capital in nanotechnologies research in general, as well as high temperature superconductivity in particular.

Since 2010 he has been a member of the Commission for the Modernisation and Technological Development of Russia`s Economy.

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Victoria Shelyagova
SuperOx
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