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Peer Strategy

Gazprom and Novatek Prosper Despite Geopolitical Risks

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  • Gazprom’s core gas pipeline gas business remains at a crossroads, prompting continued investments in export diversification.
  • Stepped-up US sanctions against LNG projects and shipping have prompted Novatek to reduce planned capex.
  • Increased US and EU sanctions could further pressure the two companies' finances, but a potential Ukraine peace deal could lead to big changes.

The Issue

Topics:
Earnings, Sanctions, Gas Supply, LNG Supply, Corporate Strategy, Company/Financials, LNG Projects, Gas Pipelines, Policy and Regulation
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