On January 28, the Board of Directors of the Russian Company Gazprom will consider the elimination of representations in Brussels (Belgium) and Tokyo (Japan). This solution is associated with a significant reduction in the role of the company in the European market and the lack of active activity in Japan.
After the cessation of gas transit through Ukraine, Gazprom has virtually lost access to the European export market. Currently, the only branch of gas supply to Europe is passing through Turkey.
The company in Brussels was established in 2011 and opened in 2013 in the conditions of the Antimonopoly Investigation of the European Commission on Gazprom's activities. At that time, the company sought to strengthen its position in the EU market and improve the dialogue with European institutions.
Japan is the second largest consumer of liquefied natural gas (LNG) in the world, but the activity of Gazprom's representation in Tokyo proved to be ineffective. The office, established in 2014, was not engaged in financial and economic activities, which the company reported in 2020.
In addition to elimination of offices, the Board of Directors will consider the continuation of the powers of one of the members of the company. It is probably about the deputy chairman of the board and chief accountant Mikhail Roseev.
