The Russian Gas Matrix

James Henderson is Senior Research Fellow at the Oxford Institute for Energy Studies. He has been analysing the Russian oil and gas sector for the past 20 years as a consultant, investment banking analyst, industry participant, and academic and has published numerous papers on topics ranging from the Russian domestic gas market to Rosneft's emerging status as a Global NOC. He is author of Non-Gazprom Gas Producers in Russia (Oxford Institute for Energy Studies, 2010). He lectures at various universities in Europe and is a BP Professor at the Skolkovo Management School in Moscow. Simon Pirani is a Senior Research Fellow on the Natural Gas Research Programme at the Oxford Institute for Energy Studies, where he has written numerous papers on natural gas issues in the former Soviet Union, and edited Russian and CIS Gas Markets and Their Impact on Europe (Oxford University Press, 2009). He has also written about Russia as a journalist and historian; his books include Change in Putin's Russia: Power, Money and People (Pluto Press, 2009) and The Russian Revolution in Retreat 1920-1924 (Routledge, 2008).

PART 1: POLITICAL ECONOMY OF RUSSIAN GAS ; 1. The political and economic importance of gas in Russia ; 2. The evolving Russian gas matrix ; PART 2: THE IMPACT OF COMPETITIVE MARKETS ON RUSSIAN GAS ; 3. Russia's response to changes in the European gas market ; 4. The Russian domestic market ; 5. The FSU market and its changing relationship with Russia ; 6. Asia as a potential major new outlet for Russian gas ; 7. How LNG fits into Russia's gas strategy ; 8. Summary: Potential Market Influence on Russia's Gas Supply Strategy ; PART 3: RUSSIA'S GAS SUPPLY STRATEGY ; 9. Gazprom's supply strategy ; 10. The role of non-Gazprom Russian producers ; 11. Imports from Central Asia ; 12. Summary: The likely balance of Russian gas supply? ; PART 4: CONCLUSIONS ; 13. The changing balance of the Russian gas matrix and the reaction of the Russian state