Gazprom SWOT Analysis
Here is a detailed SWOT analysis of Gazprom covering strengths, weaknesses, opportunities and threats.
Gazprom Strengths
- Dominant market share globally in the natural gas business as a result of having large natural gas and hydrocarbon reserves in Russia, which gives it a huge platform of growth
- Its strong Gas transportation network, the UGSS that also happens to be the world’s largest gas transportation system allows it direct control over its transport activities and helps it in trade
- Excellent R&D initiatives (technologies of helium extraction in field conditions of East Siberia and Far East; technologies of distributed compressing to increase operational efficiency of fields in their closing stage; using gas as a motor fuel; harmonization of gas industry national standards and norms) help it reinforce its competitive edgeand enhance its technological progress
- Its strategic partnerships with GDF SUEZ(for comprehensive electrometric corrosion inspection of five km of the Center-Vostok underground gas pipeline without pipeline pigs) and with BASF/Wintershall Holding facilities (for tests of BIOROS biopreparation for treatment of environmental areas contaminated with hydrocarbon pollutants) have helped it retain a technological advantage and thereby helped its trade
- Its vertically integrated operations coupled with its operational infrastructure boosts its businesses and leads to high profits
- Sponsorship of sports teams and events gives good visibility to the brand
- Nearly 400,000 people are employed with the company worldwide
Above are the strengths in the SWOT Analysis of Gazprom. The strengths of Gazprom looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Gazprom Weaknesses
- Maturing Gas fields in western Siberia (Urengoyskoye, Yamburgskaya, and Medvezhye) whose production is declining over time will adversely impact its gas production in the near future
- Old deteriorating pipeline systems which are still in use can lead to operational accidents and other leakages etc., which can impact its finances and revenue
These were the weaknesses in the Gazprom SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Gazprom Opportunities
- Its strategic acquisitions and joint ventures (with companies as Wintershall, WINZ, WINGAS, WIEH, WIEE,Novatek, Rozneftgas, Enel, ArmRozgasProm) will allow it to strengthen its existing business and enable it to gain a foothold in newer sectors
- Science and Technology agreements (with United Metallurgical company, Severstal, Chelyabinsk Pipe Rolling Plant, PetroVietnam, VNG, Gasunie) will help it develop newer technologies to reduce operating costs and increae efficiency
- Strategic memorandums (with CNPC, Europol GAZ, Shell, Petrovietnam, Caterpillar, Gasunie, and even the Russian railways) will help it increase its presence as well as revenues
- Its Investment program which will see a major focus on the following gas production projects: pre-development of the Bovanenkovskoye, Medvezhye, Urengoyskoye, Yamburgskoye, and other fields and projects will improve its competitive advantage and increase its revenues
Above we covered the opportunities in Gazprom SWOT Analysis. The opportunities for any brand can include prospects of future growth.
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Gazprom Threats
- Governmental Regulation leading to unfavorable pricing policies can result in losses for the company and hamper its growth plans
- Weather sensitivity in the Siberian region where it mainly operates can lead to production/transportation problems and increase operational costs
- Fluctuation in crude oil and natural gas prices due to gro-politics and other reasons can cause heavy losses to the company
The threats in the SWOT Analysis of Gazprom are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Hence this concludes the Gazprom SWOT analysis.
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About Gazprom
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| Gazprom Overview | |
|---|---|
| Parent Company |
Gazprom |
| Category |
Oil and Gas |
| Sector | |
| Tagline/ Slogan |
Dreams come true! |
| USP |
World’s largest company in terms of natural gas reserves |
| Gazprom STP | |
| Segmentation |
Corporates, countries and Russian and foreign consumers |
| Target Market |
Entities which require gas, gas condensate and oil |
| Positioning |
Global energy company providing reliable, efficient and balanced supply of natural gas and other energy resources |
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