Example
Gazprom
Trans-Siberian pipeline
Russia
51% owned by Russian state
Control 17% worlds reserve
TS pipeline = 4500km
How Russia exert control
Following reforms in Ukraine
Russia increase oil prices x4
Disputes cut off Bulgaria, Hungary, Poland and Romania in 2009
2014 - Ukraine debt so shut off
Rels with China
Power of Siberia pipeline
Unlocks the China market 30 yr contract No CO2 emissions Good for geopolitics Affects China's US relations