alexa The Deceptive and Unwanted Gas Liberalization Process in Russia
E-ISSN: 2223-5833

Arabian Journal of Business and Management Review
Open Access

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Review Article

The Deceptive and Unwanted Gas Liberalization Process in Russia

Jeylan Mammadova*

Davis Center, Harvard University, USA

*Corresponding Author:
Jeylan Mammadova
Davis Center, Harvard University, USA
Tel: +44 1865 284700
E-mail: [email protected]

Received Date: September 27, 2016; Accepted Date: November 02, 2016; Published Date: November 09, 2016

Citation: Mammadova J (2016) The Deceptive and Unwanted Gas Liberalization Process in Russia. Arabian J Bus Manag Review 6: 273.

Copyright: © 2016 Mammadova J. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 

Abstract

This paper argues that this perception of the gas liberalization process in Russia is far too rosy. The analysis of the gas liberalization process in Russia demonstrates that there have been very few changes made in the legislative framework that would favor the opening of the market and the involvement of all independent gas players. We find that many of the gas “reforms” undertaken are still such that favor Gazprom and the Kremlin’s control over the sector. We find that the changes in market share are not an outcome of the gas liberalization process, and that many of the reforms (i.e., liberalization of the export market and more favorable regulatory conditions) only apply to two purportedly “independent” gas companies (Rosneft and Novatek) that are in reality owned by Russian President Vladimir Putin’s close circle of friends.

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