Policy & Regulation

Is Russian export liberalisation still a pipe dream?

French major Total may be forging closer links with Russia, but it will take time to break Gazprom’s pipeline export monopoly French major Total may be forging closer links with Russia, but it will take time to break Gazprom’s pipeline export monopoly.
By The Wildcat 8 June 2018 0 31221
Patrick Pouyanné, chief executive of French major Total. (Interfax)

Russian President Vladimir Putin bills himself as a man who rewards loyalty. Christophe de Margerie, who was chief executive of Total until his death in a Moscow plane crash in 2014, understood this better than most Western oil executives. A staunch critic of sanctions, de Margerie laid strong foundations for the French major in Russia – foundations that his replacement Patrick Pouyanné has built on with the development of Yamal LNG. 

Pouyanné is seemingly unnerved by Putin’s deteriorating relationship with the West, and is continuing his...