RUSSIA SANCTIONS & GAS MARKET
Liberalization of the Russia gas sector, which has remained the domain of state-controlled Gazprom that has enjoyed export and transit monopoly since the collapse of the USSR, has been discussed for at least a couple of years. Debates have included inter alia the questions whether Gazprom's pipeline export monopoly will be abolished following liberalization of LNG export earlier this year and whether the third party access to domestic infrastructure will be properly regulated and implemented in practice as a result of widely publicized tensions between Rosneft and Gazprom.
These institutional changes in the Russian gas sector are argued to be driven by two major factors—by…
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