Word: gazprom
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Just ask Shell or Yukos or Ukraine. Don't even mention it to ExxonMobil. When he's not skating, Medvedev is deputy chairman of Gazprom's management committee and general director of Gazpromexport, Gazprom's export arm, which accounts for 80% of the revenue of the world's second largest energy company and supplies a quarter of Europe's natural gas--and 100% of Belarus'. Medvedev's remark hit home for his fellow hockey buff and adversary--the forward who had tripped him up so uncouthly, also known as the President of Belarus, Alexander Lukashenko. On a tense New Year...
That is what you call a power play. Be it a scuffle with foreign consortiums on Russian soil, or in pricing battles with Russia's neighbors, Gazprom wins very much in style of the proverbial Soviet Army steamroller: inefficient, unwieldy and mismanaged, it crushes foes by its mammoth weight and monopoly gas supply. In January 2006, for instance, when the Ukrainians balked at Gazprom's price, Medvedev turned off the taps. Pay or freeze, he told them. They paid...
Russia's energy general is suave and arrogant, ironic and pragmatic, English-speaking and groomed, aggressive and compliant. Medvedev supervises Gazprom's exports, brushing off allegations of Gazprom being Russia's "pipeline troops," poised to accomplish with energy what the U.S.S.R. used to do with tanks. "There is no politics in our relations with other countries. Just business," he says. And business is booming. Russia is energy rich. Its oil and gas reserves account for more than 20% of its $1 trillion economy...
...striped and relaxed, in his techno-style office that dominates the ninth floor of the posh new Gazpromexport headquarters in downtown Moscow. His disdain of the architects of Russia's early market reform is de rigueur for top executives under President Vladimir Putin. Medvedev isn't finished. He says Gazprom wants to reintegrate into this system all national gas transport and distribution networks of the former Soviet republics, although using cash more than politics...
Medvedev's pro-Putin maneuvering and his willingness to leverage supply power has made him a top gun at Gazprom. And more important, he who controls Gazpromexport controls Gazprom, says Mikhail Krutikhin, chief analyst for RusEnergy, Russia's authoritative energy think tank. Though Gazprom CEO Alexei Miller is also a Putin man, Medvedev was installed directly by the Kremlin independently of Miller, Krutikhin maintains. Both toe the same line, but the Kremlin runs them separately. Mutual mistrust makes for cooperation, to paraphrase Stalin...