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The future of Gazprom’s export monopoly & business model

The financial losses recorded by Gazprom in 2023 driven by collapsing gas export revenue point to a wider transition in the role of the company, which has been at the heart of Russia’s energy economy since the Soviet period. In the pre-crisis period, Gazprom was able to subsidize gas supply to domestic consumers thanks to its monopoly on lucrative Russian […]

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