Gazprom pp 218-250 | Cite as

The Evolution of the Russian Gas Market



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.


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.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Belyi, A. 2011. “Trends of Russia’s Gas Sector Regulation.” Paper presented at the Fourth Annual Conference on Competition and Regulation in Network Industries, Residence Palace, Brussels (November 25).Google Scholar
  2. Bernhardt, J. 1988. “Is Natural Gas Pipeline Regulation Worth the Fuss?” Stanford Law Review 40, no. 3 (February): 753–72.CrossRefGoogle Scholar
  3. BP. 2012. Statistical Review of World Energy 2012. London: British Petroleum Press Centre ( Scholar
  4. Grigoryev, Y. 2007. “The Russian Gas Industry, Its Legal Structure, and Its Influence on World Markets.” Energy Law Journal 28, no. 1: 125–45.Google Scholar
  5. Henderson, James. 2011. “Domestic Gas Prices in Russia—Towards Export Netback.” Working Paper NG 57. Oxford, UK: Oxford Institute for Energy Studies.Google Scholar
  6. Heyndrickx, Christophe, Natalia Tourdyeva, and Victoria Alexeeva-Talebi. 2011. Gas Price Liberalization: Impact Assessment with a Multi-Sector Multi-Household Model of the Russian Federation. Mannheim, Germany: Centre for European Economic Research ( Scholar
  7. International Energy Agency. 2011. “World Energy Outlook 2011: Perspektivy Razvitiya Rossiskoy Energetiky” [Perspectives on Russian energy development]. Paris: OECD and IEA ( Scholar
  8. International Energy Agency. 2012. Gas—Medium-Term Gas Market Report 2012: Market Trends and Projections to 2017. Paris: OECD and IEA ( Scholar
  9. Jacoby, H. D., F. O’Sullivan, and S. Paltsev. 2012. “The Influence of Shale Gas on US Energy and Environment Policy.” Economics of Energy and Environment Policy 1, no. 1: 37–51.CrossRefGoogle Scholar
  10. Juris, Andrej. 1998. “The Emergence of Markets in the Natural Gas Industry.” Worldbank Policy Research Working Papers. Washington, DC: World Bank, March (–9450-1895).CrossRefGoogle Scholar
  11. Kulikov, Sergey. 2012. “Gazprom platit dan” ’ [Gazprom pays tribute]. Nezavisimaya [Independent] (online journal), June 6 (–06-19/1_gazprom.html).
  12. Locatelli, Catherine. 2008. EU Gas Liberalization as a Driver of Gazprom Strategies? Moscow: IFRI Russia-NIS Center (French Institute of International Relations), February.Google Scholar
  13. Ministry of Energy of the Russian Federation. 2010. “Energy Strategy of Russia for the Period Up to 2030.” Decree 1715-r of the Russian Federation. Moscow (
  14. Mitrova, Tatyana, Jonathan Stern, and Mariya Belova. 2012. “Evropeyskiy Gazovyi Rynok: Mechty ne Vsegda Sbyvayutsya” [The European gas market: Dreams do not always come true]. Moscow: Skolkovo Energy Centre, July ( Scholar
  15. Poussenkova, Nina. 2010. “Rossiysky ‘Gazprom’ v gazpromovskoy Rossii” [Russian ‘Gazprom’ in Gazprom’s Russia]. Historiya Novoi Rossii [History of the New Russia] (online journal) (
  16. Stern, Jonathan. 2006. The Russian-Ukrainian Gas Crisis of January 2006. Oxford, UK: Oxford Institute for Energy Studies ( Scholar
  17. Stern, Jonathan. 2009. Future Gas Production in Russia: Is the Concern about Lack of Investment Justified? Oxford, UK: Oxford Institute for Energy Studies.Google Scholar
  18. Topalov, Andrey. 2012. “Gazprom ne Spyeshit na Beerzhu” [Gazprom is not rushing to the exchange]. (online newspaper), June 15 (
  19. Tsygankova, Marina. 2008. “Netback Pricing as a Remedy for the Russian Gas Deficit.” Discussion Papers No. 554. Oslo: Statistics Norway ( Scholar
  20. Vaisberg, Varely. 2012. “Operatsiya na gazonosnykh sosudakh” [Operation of gas vessels]. Region Analytics, October 10 (
  21. Volkov, Dmitry. 2008. Russian Natural Gas—A Review. Austin: University of Texas, Bureau of Economic Geology, Center for Energy Economics, September.Google Scholar

Copyright information

© Ivan Nazarov 2015

Authors and Affiliations

There are no affiliations available

Personalised recommendations