You're reading: Gazprom optimizing pricing policy to retain share of EU market under threat of sanctions

Moscow - OJSC Gazprom is optimizing its pricing policy to retain its share of the EU market under the threat of sanctions, the Russian gas giant said in its H1 report to Russian Accounting Standards (RAS).

If international economic sanctions are imposed against Russia because of the crisis in Ukraine, it is likely the number of EU countries will increase efforts to lower dependence on Russian gas shipments and lower Gazprom’s share of the gas market, the company said.

To lower this risk, the company is optimizing its pricing policy, as well as geographically diversifying natural gas exports and modes of supplying liquefied natural gas (LNG), the monopoly said.