Gazprom's Future Dependent on Arctic Energy Riches?
The
continued existence of Russia as a transcontinental power depends on
its ability to leverage vast energy wealth into political stability and
power. Without energy wealth, Russia begins to disintegrate. A giant new
gas field north of the Arctic Circle provides some hope for Russia's
future. Gazprom’s mammoth tax payments bolster the Russian economy,
allowing the Kremlin to dole out subsidies and keep a lid on popular
discontent. At the same time, Gazprom faces challenges that threaten not
just its dominance of the world’s natural…Read more...
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