Особенности экспорта российского газа в Европу
The author investigates the energy sector of economy of Russia, the peculiarities of the sector, its problems and their solutions.
In the last decade Russia has searched for new alternative policies to compensate for its political deficiencies and to balance its rivals in one of the key areas of the approaching geopolitical rivalry, the sea. The Russian assertiveness seen in the Black Sea-Mediterranean basin has recently been a real concern for the international community. In the six chapters of this book, contributors explain Moscow’s newly perceived assertive foreign and security behavior in the Black Sea and Mediterranean basin from their own perspectives, and reach a conclusion about the limits and validity of this new Russian ascendance in the region.
This paper will examine the current situation as related to the global trade of natural gas and will draw some conclusions on how current developments will likely influence future trade and investment patterns. It will start by considering the increased influence of developing countries on energy markets and will continue by providing a detailed analysis of possible integration of energy markets, first within the European Union and then within the Asia Pacific region. It will continue with an analysis of gas production trends in Eurasia and the Middle East, two regions that are well-positioned to compete in both the European and Asia Pacific energy markets, before considering the implications for the Russian Federation, Qatar, and Turkmenistan. This contribution will then draw some conclusions based upon the topics discussed. This is an advance copy of an article that will be published as Rimma Subhankulova and Richard Wheeler, “Gas Exports to the Countries of the European Union and the Asia-Pacific Region,” The Journal of Energy and Development, volume 40, number 1 (autumn 2014, copyright 2015).
The energy sector of Russia is one of the most potent in the world - it is the second in extraction of oil and gas, the third for total output of fuel and energy resources. While exporting nearly 45% of its total production of energy resources, Russia produces more energy per capita than most other countries - 5 times higher the global average and 3 times higher than the average level for OECD countries. The energy sector of Siberia represents the crucial part of the country's energy sector. Over decades, the energy resources of the region massively contributed to the Russian federal budget and brought in a major part of hard currency from export trade. In the current conditions of existing geopolitical challenges and expected global demand for energy resources, it is much more of a priority for Russia not to raise the output of fuel and energy resources but to improve the overall quality and reliability of the whole energy supply system, increase the depth of mineral fuel, including solid fuel and waste recycling.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.