Internationalization Strategies of Russian National Oil Companies towards Asia: Cooperation or Competition?

Abstract

The intended contribution of this research is to outline the role of domestic constraints for companies’ internationalization strategies in natural gas industry. The paper is focused on Russian case. Special emphasis is made on internal natural gas market organization model, its evolution and impacts for natural gas business strategies implemented by Russian National Oil Companies (NOCs). Research is based on case method. The argumentation is structured in three stages which are (i) comparative analysis of Gazprom and Rosneft as NOCs; (ii) study of the evolution of the natural gas industry organizational model in Russia and (iii) the case of Power of Siberia project.