The course gives an idea about how gas markets work and explains Russia's gas strategies within economic and geopolitical contexts.
The course will look into the supply and demand balances (including historical perspectives) of the core target markets, the existing set-up in terms of the degree of market integration, market structure, regulation and governance features, competition and price setting mechanisms.
Target markets for the purpose of this course will include Europe, Asia Pacific, and the Russian domestic market. The level of demand is determined by Russia’s regulation on gas exports and the specifics of the relations between Gazprom and domestic independent gas producers. Therefore, the setup of the domestic gas sector in Russia will also be studied within the course. The aim of the course is to provide students with the understanding of dynamic development of the gas markets; to place Russian exports within the wider context of the regional gas markets development trends; and ultimately to explain the issue of Russian gas strategies from an economic and geopolitical perspective.
