Sunday, 11 November 2012

Russian gas: the next ten years

The way that Russia produces and markets natural gas will change substantially over the next decade, I wrote in the Oxford Energy Forum - now downloadable here (see page 12). Production will shift geographically, away from western Siberia; the corporate make-up will change, with Gazprom ceding share to others; domestic market liberalisation will probably the the most important determinant of change, with a further decline in Russia's share of the European market a possible corollary. And while exports to Europe become less important, Russia will continue to try to open up Asian markets.

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