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THE PROBLEM OF SECURING THE RELIABILITY OF THE RUSSIAN GAS EXPORT TO FAR AWAY

R. M. Zhdanovskich ()

International Trade and Trade Policy, 2020, issue 2

Abstract: The article considers the problem of increasing the reliability of Russian gas exports to non-CIS countries from the point of view of guaranteed purchases in the required annual volumes by these countries in total. This export reliability is also largely affected by the position of the countries that transit this gas, which are trying to extract the maximum financial and consumer benefits for themselves through their gas transmission system using their monopoly transit position. To change this established order of things, and, consequently, reduce dependence on a limited number of consumers of Russian gas - mainly EU countries, and on the countries that are transit countries of this type of fuel – Ukraine and Belarus, Russian gas companies are accelerating the diversification of routes and delivery methods Blue fuel to consumers in foreign countries. New gas pipelines to Europe are being intensively built, bypassing the mentioned countries-traders, which can significantly increase the reliability of Russian gas exports to European countries at an affordable transit price. To reduce the dependence of the export opportunities of Russian gas companies on the purchasers of their blue fuel – first of all, the EU countries, Gazprom is deploying pipeline gas supplies to China and is considering other gas projects for implementation in Southeast Asia. At the same time, natural gas liquefaction production is being built in Russia with the aim of large-scale export to both the countries of the Asia-Pacific region and European countries. Consequently, a set of large-scale events held by Russian gas companies will increase the reliability and timeliness of deliveries of Russian blue fuel to non-CIS countries.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2020:id:374

DOI: 10.21686/2410-7395-2020-2-117-130

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