Since the collapse of the Soviet Union, Gazprom has dominated the Russian gas industry. However, the markets in which it operates have changed dramatically, with the company increasingly being challenged at home and abroad. At this critical moment, this insightful book analyses the involvement of the Russian gas industry in the changing international gas market and the dramatic implications for Russia's role as a global supplier of gas in the future. James Henderson and Arild Moe explore the link between changes in Russia s domestic market, where new players have recently emerged, and the development of Russia's gas export business. In particular, they assess the growing importance of LNG exports and the role of Novatek in developing this new business area for Russia. They also review changes in European gas trade and the development of new EU regulations, analysing the ambiguities in Europe's position on gas exports from Russia and showing why efforts to limit expansion of Russian gas exports have been unsuccessful. Timely and comprehensive, this book is critical reading for academics and researchers interested in the development of the global gas market. Policymakers and economists, particularly Russian specialists, will benefit from this book's key insights into the economic and political consequences of Russia's changing role in the global gas market.
For the last five decades natural gas export has added significant foreign currency to treasuries of the ex-USSR and now Russia. By tapping the vast natural gas fields, Gazprom provides natural gas to more than 70% of homes and industries in Russia. Through the steady development of its distribution network, Gazprom has also become a leading supplier of natural gas to European Union member nations.
In The Globalization of Russian Gas: Political and Commercial Catalysts, professors James Henderson and Arild Moe offer a comprehensive review of the Russian natural gas industry and a detailed analysis of forces at play in Russia, Europe and Asia. Both in scale and scope, Russia’s energy complex is vast.
The global energy economy is in a state of flux and Russia, despite several technical hurdles, has managed to reach new peaks in natural gas production in 2018. Moreover, Russian gas now accounts for 36% of natural gas consumption in the EU and now with the Power of Siberia pipeline Russia has emerged as a leading gas supplier to China.
In spite of commercial and political challenges, Russia has not only increased its production but has also become a reliable supplier in the world market. How Russia balances its needs of domestic energy, the thirst of foreign exchange and diversification from its traditional markets in Europe to Asia with the help of pipe networks and LNG supply will impact global energy markets in the decade to come.
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Dr. James Henderson is Director of the Natural Gas Programme at the Oxford Institute for Energy Studies (OIES), having taken over from Howard Rogers in 2016, and he has been writing for and working with the Institute since 2010. He produces research for both the Gas and Oil Programmes covering Russia and CIS issues as well as global energy matters that affect the region. He is a Visiting Professor at Masaryk University in the Czech Republic and has lectured on energy economics and security of supply at a number of universities in Europe and the US. He has worked in the oil sector for US company Amerada Hess, as well as spending time as a consultant and investment banker. He obtained a PhD in Social Sciences from London University in 2010.
Arild Moe is Senior Research Fellow at the Fridtjof Nansen Institute in Lysaker, Norway. He has an MSc. from the University of Oslo and has also studied Russian and public law. Moe has been affiliated with the Fridtjof Nansen Institute since 1983 and has been a Guest Researcher at Stanford University and Adjunct Associate Professor at the Norwegian University Center in Saint Petersburg.
Moe's research focuses on oil and gas politics, with a particular emphasis on the Russian energy sector. He has followed closely the development and driving forces behind Arctic petroleum activities, Arctic shipping and the development of the Northern Sea Route, where he analyzes economic drivers as well as political and legal framework conditions. Moe's work has also focused on Norwegian-Russian relations, cross-border environmental cooperation and Norway’s High North policy.