How is Gazprom faring in sanctions-time Russia?

Gazprom Neft, the oil arm of Russia’s state-run gas exporter Gazprom, has announced plans to start commercial production from its Bazhenov shale formations in 2018. Russia’s efforts to replicate North Dakota’s shale boom have been hindered by the US ban on exporting equipment and technology after Moscow’s annexation of Crimea and the insurgency in Ukraine. Gazprom Neft has said that shale development will be difficult without western help, but that it is still possible. The firm estimates th… READ MORE