Theoretical and Practical Aspects of Natural Gas Pricing in Domestic and Foreign Markets: The Case of Russia

Georgy Idrisov and Dmitry Gordeev

Working Papers from Gaidar Institute for Economic Policy

Abstract: The paper analyzes the need to change the approaches to Russia’s natural gas pricing in domestic and foreign markets. The authors conclude that changes are inevitable in the medium term because existing pricing practices are becoming obsolete in the rapidly transforming gas market. The development of the gas industry is severely hampered by inefficient domestic consumption due to distorted price incentives, lack of competition in the domestic market and the pegging of export gas prices to the oil product basket. The paper discusses possible development options for Russia’s gas industry and their potential macroeconomic effects.

Keywords: natural gas; pricing; cross subsidization (search for similar items in EconPapers)
JEL-codes: D24 D40 D60 E20 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2017, Revised 2017
New Economics Papers: this item is included in nep-cis, nep-ene, nep-mac, nep-reg and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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https://www.iep.ru/files/RePEc/gai/wpaper/wpaper-2017-274.pdf Revised version, 2017 (application/pdf)

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