Trends of Russia's Gas Sector Regulation
Article from: OGEL 6 (2011), in National and International Issues in Natural Gas Development
Abstract
Russia's gas sector represents a number of structural and institutional specificities, which stem from the command economy economic structure. The main gas company Gazprom has a structure inherited from Soviet Ministries. During the 1990s, Russian gas sector was practically exempted from a restructuring. The whole sector has been politically defined as a "natural monopoly". A limited privatization has been accompanied by a restriction on foreign direct investments in Gazprom. Since 2005 a number of new legislative initiatives have been put forward: gas export monopoly, ...