- Consulting Editors
- Modernization and the Russian Economy: Three Hundred Years of Catching Up
- Command Economy and its Legacy
- Russia’s Economic Transformation
- Transformational Recession
- Growth Trends in Russia After 1998
- Institutional Performance
- Corporate Governance in Russia
- The Russian Tax System
- The Unofficial Economy in Russia
- Russian Corruption
- Russia’s Dependence on Resources
- The Russian Oil Sector
- The Russian Natural Gas Sector
- The Russian Electricity Market: Variants of Development
- The Economics of Mineral Resources
- The Challenge of Reforming Environmental Regulation in Russia
- Economics of the Military-Industrial Complex
- Science, High-Tech Industries, and Innovation
- Blame the Switchman? Russian Railways Restructuring After Ten Years
- Russian Agriculture and Transition
- Russian Banking as an Active Volcano
- Financial and Credit Markets
- Russian Trade and Foreign Direct Investment Policy at the Crossroads
- Economic Geography of Russia
- Russian Fiscal Federalism: Impact of Political and Fiscal (De)centralization
- Regional Challenges: the Case of Siberia
- Labor Market Adjustment: is Russia Different?
- Higher Education Reform and Access to College in Russia
- Russia’s Health Care System: Difficult Path of Reform
- Poverty and Inequality in Russia
- Recent Demographic Developments in the Russian Federation
Abstract and Keywords
The institutional structure of the natural gas sector evolved from natural conditions and the principles of the centrally planned economy. The industry was transformed to one company in the 1990s while retaining many characteristics of the previous state structure. Gazprom continued to play a vital economic and social role for the government and was granted extensive monopoly privileges. Its low pricing is closely connected to the social and economic role gas has played, but by using gas to subsidize other parts of the economy, the government has left the industry underfinanced for years. There are efforts to raise prices, but the effect of increases is uncertain due to the monopolized sector structure. Comprehensive reform has been proposed but always rejected. Cost increases and the state’s revenue needs are drivers for change. There are increasing contradictions between developments in the resource base and the structure of the industry.
Arild Moe is the Deputy Director and Senior Research Fellow at Fridtjof Nansen Institute in Norway. He specializes in studies of Russian energy, resource politics and the Arctic.
Valeriy A. Kryukov is the Deputy Director of the Institute of Economics and Industrial Engineering in the Siberian Division of the Russian Academy of Sciences in Novosibirsk, and a Professor of Economics at the National Research University Higher School of Economics in Moscow. His research interests focus on the institutional dynamics of the oil and gas sectors in Russia.
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