Gazprom's financial stability and geopolitical challenges (2008-2023): LNG expansion as a strategic response

Maroua Lahmar & Ibtissem Belkhadem

Economics and Policy of Energy and the Environment2025https://doi.org/10.3280/efe2025-001005article
ABDC C
Weight
0.50

What the paper says

This paper examines Gazprom's financial health (2008-2023) using Altman's Z-score model, analyzing key financial ratios and their relation to Russian natural gas exports amidst geopolitical upheavals. The findings reveal significant volatility in financial performance, particularly during the financial crisis of 2008 and the Russian-Ukrainian conflicts, highlighting the strain on Gazprom's financial position. Despite maintaining a strong overall financial standing, recent declines indicate vulnerabilities linked to reduced pipeline exports to Europe. The study emphasizes the potential of LNG exports as a strategic response, enabling Gazprom to reduce dependency on limited suppliers, adapt to market changes, and ensure long-term financial stability.

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https://doi.org/https://doi.org/10.3280/efe2025-001005

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@article{maroua2025,
  title        = {{Gazprom's financial stability and geopolitical challenges (2008-2023): LNG expansion as a strategic response}},
  author       = {Maroua Lahmar & Ibtissem Belkhadem},
  journal      = {Economics and Policy of Energy and the Environment},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.3280/efe2025-001005},
}

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.