The Russian Gas Matrix ― How Markets Are Driving Change

This book explores the impact on the Russian gas sector of changes in international gas markets, including the growth of competition and development of new sources of supply. It also assesses how Russian responses, in turn, impact the markets where Russian gas is sold. The volume is structured to reflect the Russian Gas Matrix described in OIES research: the shifting relationship between key elements of supply and demand for Russian gas. It includes chapters on demand for Russian gas in Europe, CIS importing countries, Asia, and the domestic Russian market, as well as analysis of sources of Russian gas supply, including Gazprom, other producers such as Novatek and Rosneft, and imports from Central Asia. It also considers the wider economic context of change in the gas sector, and addresses the key political and economic issues it faces, including the contribution of gas revenues and taxes to the Russian budget, the potential for changes to the structure of the domestic market and the export monopoly, the future of domestic gas prices and the balance of supply among Russian producers. The book aims to provide a detailed update to Jonathan Stern's The Future of Russian Gas and Gazprom (OUP, 2005) and to develop themes raised in Simon Pirani's (ed.), Russian and CIS Gas Markets and their Impact on Europe (OUP, 2009).

James Henderson, Senior Research Fellow, Oxford Institute for Energy Studies,Simon Pirani,Senior Research Fellow, Oxford Institute for Energy Studies

James Henderson is Senior Research Fellow at the Oxford Institute for Energy Studies. He has been analysing the Russian oil and gas sector for the past 20 years as a consultant, investment banking analyst, industry participant, and academic and has published numerous papers on topics ranging from the Russian domestic gas market to Rosneft's emerging status as a Global NOC. He is author ofNon-Gazprom Gas Producers in Russia (Oxford Institute for Energy Studies, 2010). He lectures at various universities in Europe and is a BP Professor at the Skolkovo Management School in Moscow.




Simon Pirani is a Senior Research Fellow on the Natural Gas Research Programme at the Oxford Institute for Energy Studies, where he has written numerous papers on natural gas issues in the former Soviet Union, and editedRussian and CIS Gas Markets and Their Impact on Europe (Oxford University Press, 2009). He has also written about Russia as a journalist and historian; his books includeChange in Putin's Russia: Power, Money and People (Pluto Press, 2009) andThe Russian Revolution in Retreat 1920-1924 (Routledge, 2008).