Gazprom is ready to reduce price

After two-year break against the background of tensions between Russia and the United States, Gazprom has returned to the dialogue with US investors and explained for the first time how it will deal with the crisis on its export markets, including the effects of shale gas revolution, the fact of which it long denied. Now leadership of the monopoly at least recognizes the possibility of a new strategy of price competition, which specialized experts strongly recommend.

"I`ll be back", - with the phrase from the movie "Terminator" deputy chairman of Gazprom Alexander Medvedev began speech to American investors yesterday. In 2015, Gazprom demonstratively cancelled traditional meetings in New York and London, and instead of this held presentations in Hong Kong and Singapore. But now the political situation is at least partially stabilized, and the hopes of Gazprom, as well as other major Russian companies, for Asia have appeared at least exaggerated, the Kommersant’s interlocutors note. Mr. Medvedev himself admitted that "the lion's share (of loan) financing" of Gazprom came from the United States, and expressed hope for the meeting in 2017.