Many business commentators say that Gazprom is too big (e.g. it has subsidiaries in banking, media, agriculture and other industries) and needs to be broken up. This is unlikely to happen. One problem...

Many business commentators say that Gazprom is too big (e.g. it has subsidiaries in banking, media, agriculture and other industries) and needs to be broken up. This is unlikely to happen. One problem Gazprom faces is that it has to keep two groups of people happy – on the one hand it has shareholders who are expecting returns on their investment, and on the other it has the government.