Abstract
The Soviet Union occupies a salient position in world output and reserves of hydrocarbons. At the end of the 1970s, it remained the world’s leading producer of petroleum, accounting for nearly one-fifth of world production. Moreover, despite the depletion of some of its historic fields, it was estimated in 1979 to dispose of 10 per cent of the world’s proven reserves, which placed it alongside Kuwait and second only to Saudi Arabia in this measure of output potential.
This chapter draws upon reports prepared by the authors in a series on “The Soviet Union’s International Energy Arrangement”. Research for this series is funded by a generous grant from the Federal Department of Energy, Mines and Resources.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
Notes
M.I. Goldman, The Enigma of Soviet Petroleum: Half-Full or Half-Empty? (London: George Allen and Unwin, 1980) Chapter 2 provides a readable account of this period.
See R.W. Campbell, The Economics of Soviet Oil and Gas (Baltimore: Johns Hopkins Press, 1968), pp. 1–22.
The multilateral accounting of the CMEA’s International Bank for Economic Cooperation does not significantly alter this fact. See J.M. Van Brabant, East European Cooperation: The Role of Money and Finance (New York: Praeger, 1977).
See B. Das Gupta, “Soviet Oil and the Third World,” in D. Naygar (ed.) Economic Relations between Socialist Countries and the Third World (New Jersey: Allensheld, Osmun and Co. Publishers, Inc., 1977), pp. 105–142
and P.R. Odell, Oil and World Power (Harmondsworth: Penguin, 1979), pp. 65–68.
See A. Bergson, “Soviet Economic Slowdown and the 1981–85 Plan,” Problems of Communism, Vol. XXX, No. 3 (May-June, 1981): 24–26
and P. Hanson “Economic Constraints on Soviet Policies in the 1980s,” International Affairs (Winter 1980/81): 21–42.
Some LNG deliveries were made to Poland before the major pipeline links were established. See D. Park, Oil and Gas in Comecon Countries (London: Kogan Page, 1979).
J.T. Jensen, “World Natural Gas Reserves and the Potential for Gas Trade,” in R. Mabro, ed., World Energy Issues and Policies (Oxford University Press, 1980), pp. 43–69.
Editor information
Editors and Affiliations
Copyright information
© 1984 M. M. Kostecki
About this chapter
Cite this chapter
Hannigan, J.B., McMillan, C.H. (1984). The Soviet Union and World Trade in Oil and Gas. In: Kostecki, M.M. (eds) The Soviet Impact on Commodity Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06513-4_5
Download citation
DOI: https://doi.org/10.1007/978-1-349-06513-4_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-06515-8
Online ISBN: 978-1-349-06513-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)