While few people in the world have warm feelings for energy companies beyond perhaps their stockholders, Russia’s state-owned natural gas monopoly Gazprom has shown an unrivalled and unique capacity to alienate is customers over the past two decades since the collapse of the USSR.
Nations unhappy with Gazprom’s bludgeoning tactics include virtually all of the new nations composing the post-Soviet space and beyond. Issues range from aggressive low-balling of purchase prices for natural gas exports (Central Asia post-Soviet states) through transit countries getting screwed on both prices and transit fees (Belarus, Ukraine and China) to end consumers from Eastern and Central Europe to Asia.
Gazprom’s customer base is nervously contemplating if the monopoly’s obnoxious buccaneering capitalist tactics will cause further disruptions in continued supplies of natural gas if the energy giant pushes their transit neighbors too far.
Full article at: Turkey and Russia Spar Over Natural Gas Prices
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