Russia has been reforming its domestic gas transportation regime since the mid-2000s and achieved significant progress, the extent of which has been largely underestimated by European observers. This is not surprising as the latter have traditionally viewed the lack of ownership unbundling and the existence of Gazprom’s pipeline export monopoly as the sole criteria for measuring the reform’s success…
For more than ten years harsh negotiations among different oil majors and pipeline consortia have been taking place about the Southern Gas Corridor, all of them seeking to transit 10 bcm/year of natural gas that will be produced from the Shah Deniz giant gas field of Azerbaijan to the European Union. As of today, no Final Investment Decision (FID) has been reached neither for the preferred pipeline route to Europe, nor for the production of the second phase of Shah Deniz…
New Economics Papers Energy Economics (REPEC)
