World and regional economics are nonstationary, and due to this it becomes a strategically important task to ensure social and economic development of the regions which considers the existing tendencies and the arising opportunities. The task can be fulfilled by means of uncovering the accumulated scientific-technical and industrial-production potentials of the industries. The Far Eastern Federal district possesses such a strategic opportunity, and gas industry can become such a driver. Therefore, the purpose of the study is performing strategic diagnostics of the Far Eastern gas industry in order to determine the position of the object of strategizing within the global and regional economic system, to form the information basis for further strategic analysis and to define the type of the potential industrial strategy. To this end the authors carried out analysis and presented the main results of strategic diagnostics of the Far Eastern gas industry as the object of strategizing including the key historical aspects and the dynamics of development of the gas industry of the Far East, assessment of the resource base and human resources potential, technological potential of the industry, analysis of the major industrial indicators and structure, assessment of the export potential and market positioning, analysis of the regulatory environment for operation and development of the gas industry in the Far East. For each direction of strategic diagnostics the authors have detected the specificity, features and factors which influence or are able to influence the Far Eastern gas industry in a long-term perspective. The results of the analysis revealed high concentration of national, public, regional, industrial, commercial interests, high level of technological potential of gas industry of the Far East, its deep integration into international economic relations and favorable regulatory environment encouraging effective operation and development. The study made it possible to conclude that the strategy of the gas industry of the Far East ought to be that of the innovative type and ought to be aimed at realization of all groups of interests and at involvement and efficient employment of all existing regional resources and competitive advantages.