In Russia, oil stands for money and gas for power. The extensive pipeline infrastructure connecting gas fields in Siberia with consumers in primarily Europe has been the source of interdependency and relative political power. In this context, no company is more powerful and essential than Gazprom, which is sometimes referred to as “a state within a state” . It also means, however, that the energy giant is no ordinary company as it has to deal with different KPIs than its peers. Gazprom controls some of the world’s largest gas fields which dwarf the assets of competitors. The seemingly unlimited production capacity is the source of the energy company’s power and influence. Gazprom’s 10 percent share of the Russian economy is a token of its importance for the country’s economy. Furthermore, the company’s activities make up the bulk of Russia’s total fixed investments. (Click to enlarge) Changing fortune for investors […]