Gazprom and the evolution of the European gas market

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Chapter 4 in The Globalization of Russian Gas, 2019, pp 57-79 from Edward Elgar Publishing

Abstract: Chapter 4 briefly reviews the history of Soviet and Russian gas exports to Europe. The main discussion is on how changes in the way gas is traded and the market in Europe is regulated by the EU have affected Russian gas exports. While the movement from long-term to short-term contracts and market-based pricing has been very much against the will of Gazprom, the company has adapted. Indeed, the chapter argues that the development of an integrated European gas market, which partly was intended to limit the need for more Russian gas, has actually worked in Gazprom’s favour.

Keywords: Economics and Finance; Environment; Politics and Public Policy (search for similar items in EconPapers)
Date: 2019
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