Photo Gallery Gazprom in Crisis
Gazprom, the natural gas company controlled by the Russian state, is in crisis. Once the mainstay of the Russian economy, the company is losing its grip on the European market and its rivals are gathering steam.
Seen here with Russian Prime Minister Dmitry Medvedev (right), Alexey Miller is CEO of Gazprom, Russia's largest company and the world's biggest natural gas producer. But is he falling out of favor?
Foto: AFP/RIA-NOVOSTI
Gazprom is headquartered in Moscow. Russia insists on sticking to its current gas supply agreement with Ukraine, despite repeated calls for its review by Kiev, which considers the deal unfair.
Foto: © Maxim Shemetov / Reuters/ REUTERS
In December 2012, Russian energy giant Gazprom launched the construction of the South Stream pipeline, which is expected to be delivering up to 63 billion cubic meters of Russian gas to Europe annually starting 2015.
Foto: Mikhail Metzel/ AP
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