Russia's natural gas policy toward Northeast Asia: Rationales, objectives and institutions

Research output: Contribution to journalArticle

17 Citations (Scopus)

Abstract

The article examines the institutional dimensions of Russia's gas policy toward Northeast Asia (NEA 1 During the liberal economic reforms of the 1990s, development of natural gas deposits in the Russian Far East was made possible under the scheme of production sharing agreements (PSA). However, new PSAs were banned in Russia even before the advent of state capitalism in the early 2000s. This was, to a large extent, the result of strong anti-PSA lobbying led by the domestic energy business elite. Consequently, Russia's gas policy in the east began evolving from being project-specific toward being region-specific. Contemporary Russian gas policy toward NEA relies upon domestic (national and regional) and external institutions. In 2009, following the completion of a liquefied natural gas (LNG) plant in Sakhalin, Russia entered NEA gas markets. Transformations in the international gas markets facilitated the establishment of a two-pattern gas export policy in Russia in 2013. Under this policy, Russia's EU-oriented pipeline gas export remains monopolised by Gazprom, while Asia-oriented LNG export is partially liberalised. Russia has not been experiencing institutional discrepancy in NEA gas markets. However, as the markets evolve toward greater coordination, a rational option for Russia is to genuinely liberalise its gas policy.

Original languageEnglish
Pages (from-to)54-67
Number of pages14
JournalEnergy Policy
Volume74
Issue numberC
DOIs
Publication statusPublished - 2014
Externally publishedYes

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natural gas
Natural gas
Gases
gas
liquefied natural gas
market
Liquefied natural gas
Natural gas deposits
lobbying
Gas plants
Asia
policy
economic reform
gas pipeline
Gas pipelines
capitalism
Economics
energy
Industry

Keywords

  • Eastern Siberia and Far East (ESFE)
  • Gas policy
  • Institutions
  • Northeast Asia (NEA)
  • Russia

ASJC Scopus subject areas

  • Energy(all)
  • Management, Monitoring, Policy and Law

Cite this

Russia's natural gas policy toward Northeast Asia : Rationales, objectives and institutions. / Shadrina, Elena.

In: Energy Policy, Vol. 74, No. C, 2014, p. 54-67.

Research output: Contribution to journalArticle

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