IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Is Gas Cartel's Profitable for Russia? (A Case of European Gas Market)

  • Sergey Chernavsky

    (Central Economics and Mathematics Institute, RAS, Moscow, Russia)

  • Oleg Eismont


    (System Analysis Institute, RAS, New Economic School, Moscow, Russia)

The problem of gas cartel formation is widely discussed in many countries, including Russia. Gas cartel can exist only within the world natural gas market, the latter being possible provided liquefied natural gas (LNG) becomes wide spread. Since for Russia, European gas market is of prime importance the paper analyses perspectives of gas cartel, relative to the European market. Equilibrium states of such a market have been found for the two cases - that of a competitive behavior of LNG exporters to Europe, and of gas cartel which includes Russia and LNG exporters. Conditions ensuring that Russia gets higher profit in case of participating in a gas cartel, rather than in case of competitive behavior of LNG exporters, have been obtained.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

File URL:
Download Restriction: no

Article provided by New Economic Association in its journal Journal of the New Economic Association.

Volume (Year): (2009)
Issue (Month): 1-2 ()
Pages: 127-149

in new window

Handle: RePEc:nea:journl:y:2009:i:1-2:p:127-149
Contact details of provider: Postal:
Nakhimovsky prospekt, 32, Office 1115, 117218 Moscow Russia

Phone: +7 495 7189855
Fax: +7 495 7189855
Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Joris Morbée & Stef Proost, 2008. "Russian gas imports in Europe: how does Gazprom reliability change the game?," Working Papers Department of Economics ces0802, KU Leuven, Faculty of Economics and Business, Department of Economics.
  2. Finon, Dominique & Locatelli, Catherine, 2008. "Russian and European gas interdependence: Could contractual trade channel geopolitics?," Energy Policy, Elsevier, vol. 36(1), pages 423-442, January.
  3. Mohammed A. Al-Sahlawi, 1989. "The Demand for Natural Gas: A Survey of Price and Income Elasticities," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 77-90.
  4. Liu, Ben-chieh, 1983. "Natural gas price elasticities : Variations by region and by sector in the USA," Energy Economics, Elsevier, vol. 5(3), pages 195-201, July.
  5. David G. Tarr & Peter D. Thomson, 2004. "The Merits of Dual Pricing of Russian Natural Gas," The World Economy, Wiley Blackwell, vol. 27(8), pages 1173-1194, 08.
  6. Beierlein, James G & Dunn, James W & McConnon, James C, Jr, 1981. "The Demand for Electricity and Natural Gas in the Northeastern United States," The Review of Economics and Statistics, MIT Press, vol. 63(3), pages 403-08, August.
  7. Krichene, Noureddine, 2002. "World crude oil and natural gas: a demand and supply model," Energy Economics, Elsevier, vol. 24(6), pages 557-576, November.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:nea:journl:y:2009:i:1-2:p:127-149. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexey Tcharykov)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.