THE SHTOKMAN GAS DEAL: AN INITIAL ASSESSMENT OF ITS IMPLICATIONS

Gazprom

Gazprom lacks the necessary investment capital and technology to extract and liquefy the gas from Shtokman. However, Gazprom and the Kremlin successfully played Western companies against each other to enlist their technology and capital for the project, ultimately to Russian unilateral advantage.

On July 13 Gazprom