Gazprom has been flummoxed by the North American shale gas boom and the decline in European...

|By:, SA News Editor

Gazprom has been flummoxed by the North American shale gas boom and the decline in European energy demand, and it's now set to be surpassed in Russian energy power as Rosneft acquires all or part of TNK-BP. Another worry for Gazprom is the desire of Ukraine to wean itself away from imported energy, which is mostly Gazprom’s gas. Russia's neighbor is gearing up to increase its own gas output 17% by 2016.