Gazprom, Russian's prime state owned gas producer, is facing severe pressure stemming from intern... more Gazprom, Russian's prime state owned gas producer, is facing severe pressure stemming from international gas market dynamics, EU regulation and the Ukraine crisis. Slowing gas demand coupled with shifting pricing models and a persisting transit issue pose significant challenges for Gazprom's business going forward. Domestic pressure emerges from competition arising from private companies, mainly Notatek, but also state owned rival Rosneft, and is reinforced by governmental moves toward more market oriented Russian gas sector organization. Gazprom's options include pivoting to alternative markets, notably China; reverting to international legal bodies and market principles to counter EU regulatory pressures; and to depoliticize gas trade in order to generate long term expectations on its prime market - Europe. We pose that neither of these options is likely to fully solve Gazprom's dilemma, whose competitive position will arguably further weaken both domestically and internationally. We believe that Gazprom's best option would be to aim for depoliticizing gas trade, by way of giving up its de facto monopoly on gas exports to Europe.
The Russia–China deal in May 2014 opened a new page in Gazprom's efforts to orient its exports to... more The Russia–China deal in May 2014 opened a new page in Gazprom's efforts to orient its exports to Asia. The political logic behind the new agreement resembles the first Soviet gas export contracts with European states. However, the international gas markets favour Asia's position in general and China's in particular. Moreover, China is now having a leverage on its future liquefied natural gas suppliers. The new context makes Russian negotiating positions weaker and, moreover, Russian gas export to China might not be a subject of Gazprom monopoly any longer.
introduction and table of content for the edited volume with Prof Kim Talus on States and Markets... more introduction and table of content for the edited volume with Prof Kim Talus on States and Markets in Hydrocarbons. the ´book contains chapters of prominent researchers, including J Mitchell, P Aalto, B Sovacool, V Vivoda,, P Andrews-Speed. for details, see http://www.palgrave.com/page/detail/states-and-markets-in-hydrocarbon-sectors-andrei-v-belyi/?K=9781137434067
... New dimensions of energy security of the enlarging eu and their impact on relations with Russ... more ... New dimensions of energy security of the enlarging eu and their impact on relations with Russia. ... The ongoing EU enlargement to countries historically dependent on Russia for their energy supply introduces significant modifications to the EU-Russia relationship; ...
The debates surrounding the European Union (EU) energy dependency on Russia should take into acco... more The debates surrounding the European Union (EU) energy dependency on Russia should take into account the issue of non-acceptance of governance norms, defined hereafter by logic of appropriateness. The logic of appropriateness demonstrates the importance of values and norms in the setting of energy governance. The EU is the world’s largest gas importer, which has not been able to influence effective governance in gas trade with the former Soviet Union (FSU), in spite of its initial strategic interest in the region. Three dimensions of EU-driven policies have failed to pass a test of the logic of appropriateness: international norms promotion, regional and bilateral relations; and the export of its domestic market model. Each of the three components demonstrates that the EU has, until now, missed achievement of its earlier stated objectives of setting an international energy regime in its relations with the FSU.
Gazprom, Russian's prime state owned gas producer, is facing severe pressure stemming from intern... more Gazprom, Russian's prime state owned gas producer, is facing severe pressure stemming from international gas market dynamics, EU regulation and the Ukraine crisis. Slowing gas demand coupled with shifting pricing models and a persisting transit issue pose significant challenges for Gazprom's business going forward. Domestic pressure emerges from competition arising from private companies, mainly Notatek, but also state owned rival Rosneft, and is reinforced by governmental moves toward more market oriented Russian gas sector organization. Gazprom's options include pivoting to alternative markets, notably China; reverting to international legal bodies and market principles to counter EU regulatory pressures; and to depoliticize gas trade in order to generate long term expectations on its prime market - Europe. We pose that neither of these options is likely to fully solve Gazprom's dilemma, whose competitive position will arguably further weaken both domestically and internationally. We believe that Gazprom's best option would be to aim for depoliticizing gas trade, by way of giving up its de facto monopoly on gas exports to Europe.
The Russia–China deal in May 2014 opened a new page in Gazprom's efforts to orient its exports to... more The Russia–China deal in May 2014 opened a new page in Gazprom's efforts to orient its exports to Asia. The political logic behind the new agreement resembles the first Soviet gas export contracts with European states. However, the international gas markets favour Asia's position in general and China's in particular. Moreover, China is now having a leverage on its future liquefied natural gas suppliers. The new context makes Russian negotiating positions weaker and, moreover, Russian gas export to China might not be a subject of Gazprom monopoly any longer.
introduction and table of content for the edited volume with Prof Kim Talus on States and Markets... more introduction and table of content for the edited volume with Prof Kim Talus on States and Markets in Hydrocarbons. the ´book contains chapters of prominent researchers, including J Mitchell, P Aalto, B Sovacool, V Vivoda,, P Andrews-Speed. for details, see http://www.palgrave.com/page/detail/states-and-markets-in-hydrocarbon-sectors-andrei-v-belyi/?K=9781137434067
... New dimensions of energy security of the enlarging eu and their impact on relations with Russ... more ... New dimensions of energy security of the enlarging eu and their impact on relations with Russia. ... The ongoing EU enlargement to countries historically dependent on Russia for their energy supply introduces significant modifications to the EU-Russia relationship; ...
The debates surrounding the European Union (EU) energy dependency on Russia should take into acco... more The debates surrounding the European Union (EU) energy dependency on Russia should take into account the issue of non-acceptance of governance norms, defined hereafter by logic of appropriateness. The logic of appropriateness demonstrates the importance of values and norms in the setting of energy governance. The EU is the world’s largest gas importer, which has not been able to influence effective governance in gas trade with the former Soviet Union (FSU), in spite of its initial strategic interest in the region. Three dimensions of EU-driven policies have failed to pass a test of the logic of appropriateness: international norms promotion, regional and bilateral relations; and the export of its domestic market model. Each of the three components demonstrates that the EU has, until now, missed achievement of its earlier stated objectives of setting an international energy regime in its relations with the FSU.
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