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  • August 2008 (Revised July 2009)
  • Supplement
  • HBS Case Collection

Gazprom (B): Energy and Strategy in a New Era

By: Rawi E. Abdelal, Sogomon Tarontsi and Alexander Jorov
  • Format:Print
  • | Pages:36
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Abstract

President Putin publicly stated that Gazprom, the largest natural gas producer in the world, was a powerful political lever of the Russian state in the world and a keystone in the foundation of the country's energy security. Thus the top leadership of Russia has charted the course of the company's future away from the seemingly imminent dismemberment, privatization, and, by implication, de-monopolization toward a challenging combination of strengthened state control, professional, transparent management, and a major expansion. The case explores how in 2000–2008 Gazprom's management has pursued the strategy defined by the politicians. Gazprom's impressive expansion strategy envisioned diversification of markets, products, transportation routes, and modes of delivery. The challenges were equally formidable: massive investment needs, a possibility of a production shortfall, and a chronic problem with the transit state of Ukraine, to name a few. In fact, Gazprom's ambitiousness fully reflected the ambitiousness of Russia as a whole, characteristic of the Putin era.

Keywords

Non-Renewable Energy; Growth and Development Strategy; State Ownership; Business and Government Relations; Expansion; Energy Industry; Russia; Ukraine

Citation

Abdelal, Rawi E., Sogomon Tarontsi, and Alexander Jorov. "Gazprom (B): Energy and Strategy in a New Era." Harvard Business School Supplement 709-009, August 2008. (Revised July 2009.)
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About The Author

Rawi E. Abdelal

Business, Government and the International Economy
→More Publications

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  • Of Learning and Forgetting: Centrism, Populism, and the Legitimacy Crisis of Globalization By: Rawi Abdelal
  • Ukraine: On the Border of Europe and Eurasia (B) By: Rawi Abdelal, Jonathan Schlefer and Cressida Arkwright
  • Leading Through Challenging Times: Atlanta Mayor Keisha Lance Bottoms By: Michael Norris, Rawi Abdelal and Kimberlyn Leary
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