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| 1 |
ID:
168905
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| Summary/Abstract |
Gazprom, the state-controlled Russian energy company, has major export markets in the European Union, but these are changing, challenging the established trading principles of Russian gas. The EU promotes switching to hub-based pricing, whereas Gazprom, despite adapting to some degree, has continued to highlight the advantages of long-term contracts. This article analyses the reasoning of selected Gazprom actors from an institutional-cultural perspective. Apart from conflicts of interest between Russia and the EU, it finds deep-seated differences in worldviews and perceptions of appropriate behaviour in trade relations. Such factors may play a larger role in decision-making than is generally acknowledged.
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| 2 |
ID:
167560
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| Summary/Abstract |
Gazprom, the state-controlled Russian energy company, has major export markets in the European Union, but these are changing, challenging the established trading principles of Russian gas. The EU promotes switching to hub-based pricing, whereas Gazprom, despite adapting to some degree, has continued to highlight the advantages of long-term contracts. This article analyses the reasoning of selected Gazprom actors from an institutional-cultural perspective. Apart from conflicts of interest between Russia and the EU, it finds deep-seated differences in worldviews and perceptions of appropriate behaviour in trade relations. Such factors may play a larger role in decision-making than is generally acknowledged.
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| 3 |
ID:
116735
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| Publication |
2012.
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| Summary/Abstract |
Reducing Russia,s high levels of Associated Petroleum Gas (APG) flaring has been high on the Russian political agenda since 2007. In 2009 a decree requiring APG utilization of minimum 95 percent was adopted, valid from 1 January 2012. The oil industry has implemented various measures to reduce flaring, but not to a sufficiently large extent to make the 2012 deadline. This paper concludes that the utilization goal could be reached within 3-5 years if there is political will and the oil industry is given appropriate enabling measures. However, in a time of economic insecurity, domestically as well as in Russia's primary export market in Europe, maintaining the status quo to ensure political stability is likely to be prioritized by the authorities at the expense of investments and structural reform which may be a premise for reaching the APG utilization goal.
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