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The Russian Natural Gas "bubble"
Jonathan P. Stern
其他書名
Consequences for European Gas Markets
出版Royal Institute of International Affairs, Energy and Environmental Programme, 1995
主題Business & Economics / Industries / EnergyHistory / Russia / GeneralScience / Environmental ScienceTechnology & Engineering / Power Resources / GeneralTechnology & Engineering / Power Resources / Fossil Fuels
ISBN090503192X9780905031927
URLhttp://books.google.com.hk/books?id=XWQfAQAAIAAJ&hl=&source=gbs_api
註釋This report looks at the availability of Russian gas for export into Europe up to 2010. Contrary to conventional wisdom, the author suggests that a 'bubble' of low cost gas, arising from reduced internal demand and exports to former Soviet republics, will allow Russian exports to Europe to be doubled over the next 15 years. This increase can be achieved without any significant contribution from new gas deposits, other than satellites of fields currently in production. This availability of relatively low cost gas will have profound consequences on European gas markets. Significant availability of low cost gas, plus Russian determination to create an additional 60 BCM of transmission capacity to bring the bubble into Europe, will provide an important impetus for gas-to-gas competition and general liberalisation of European gas markets. The bubble of Russian gas already exists. When the new pipeline export corridor is created through Belarus and Poland - through which gas is expected to start flowing in 1997 - the conditions may be created for serious downward pressure on prices and gas-to-gas competition in Europe.