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Gazprom pp 218-250 | Cite as

The Evolution of the Russian Gas Market

Chapter

Abstract

Gazprom is the largest gas producer in Russia and is the gas monopolist in exports. It covers about 75% of the domestic gas demand, being legally bound to supply home consumers, regardless of profitability. The domestic gas market has always been highly regulated. Only in 2008 did the planned tariff hike reach the break-even point, after which domestic gas sales became marginally profitable for Gazprom. Domestic gas sales account for a little more than 50% of Gazprom’s gas business, but generate only 15% of its overall revenues. These revenues bear no relation to export revenues.

Keywords

Wholesale Price Spot Price International Energy Agency Spot Prex Trunk Pipeline 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Ivan Nazarov 2015

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