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Gazprom’s aggressive growth

Posted by Matt in July 2nd, 2008

At the height of the Cold War, the West feared the Soviet military. Now, it fears Russian energy companies, and the 800-pound gorilla of them all is Gazprom, Russia’s natural gas monopoly, currently the world’s third-largest company by capitalization.

Having absorbed capitalism with a rapacity that would make Lenin blush, Gazprom does not intend to rest on its laurels. On June 27 Gazprom CEO Alexei Miller told reporters that he intends to make the firm the world’s largest company within seven to 10 years, when its capitalization is projected to reach $1 trillion.

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