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Ireland and Gazprom: study in Economics and Business Risk and Rewards - Term Paper Example
Pages 14 (3514 words)
Ireland and Gazprom An In Depth Study in Economics and Business Risk and Rewards Introduction Gazprom is one of the largest gas-powered energy companies in Europe. The corporation is based in Moscow, Russia, but has expanded throughout Europe and some parts of Asia…
The Irish must study their oil company very carefully, and Gazprom must be ready and able to meet the demands of the Irish economy, despite prior issues with supply, demand, and pricing. This paper demonstrates the compromises and practices that both Ireland and Gazprom must deal with in order to have a successful and fruitful business relationship. Country Analysis Ireland is an ideal candidate for Russia-based Gazprom energy. Ireland, which has been politically divided for a number of years due to religious disagreements, is now in the infant stages of unifying. This opens up opportunities for Gazprom in both Northern and Southern Ireland, as it would be a unified energy company that both sides could rely on. Ireland is a community of both farmers and industry. Ultimately, each sector needing energy for their own purposes. Large industry requires a broad spectrum company to provide energy for factories and mills. Farmers need energy to keep their farms going throughout the year. Ireland also uses natural gas in the metallurgy and cement industries, and Gazprom can readily supply the gas to meet those needs. The Irish economy relies as much on mills and factories as it does on its export and tourism industries. To an effect, these industries must coexist together in order for the Irish economy to maintain the strength and finaicial success that it currently enjoys. ...
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