Putin sacrificed Gazprom, giving an order to invade Ukraine - Politico

The share of Russian gas exports on the European market has decreased from 40% to only 9%, and at the days of the Baltic Sea are idle "Northern Streams", which has spent more than 20 billion euros on the creation. Politico notes that after the invasion of Ukraine, the value of Gazprom has fallen by 88%, and in the conditions of international isolation, the company is forced to burn a large amount of unrealized fuel.

Senior teacher and expert in Russian energy at the Royal College of London Adnan Vatanver believes that the monopolist is currently undergoing an existential crisis. The prospects for further growth of Gazprom, according to him, are somewhat limited and quite likely that in the future the company will have to significantly reduce gas production.

Wattanver predicts that the monopolist will face catastrophic financial problems as early as 2025, if Europe is able to quickly abandon the supply of Russian fuel. The Director of Research in the Field of Energy Transition at the Oxford Institute of Energy Research James Henderson believes that Vladimir Putin will not allow Gazprom to go bankrupt not only because of its symbolic value, but also because the company controls the entire pipeline system in energy in the country.

"Until the second half of this decade is certainly the question of whether Gazprom can continue to work in the same amount as it is now. It will be a case where it is potentially necessary to reduce production or a little reduce the staff of the company," Henderson added, commenting on the nearest The prospects of the monopolist. It should be noted that Ukraine is preparing new sanctions against Russian companies, which can also get the daughter of a monopolist Gazprom.