Finding Equilibrium: A New Era for Russian Gas
Before the global recession, the Russian economy was booming with GDP growth averaging 7% per annum from 2000-2008.
However the impact of the crisis on Russia - and specifically on its gas sector - was severe. Gas demand in both Russia and Europe sharply declined in 2009. And the price received for Russian gas in Europe fell by over 50%.
Russian gas production has also fallen, along with a reduction in Central Asian imports. And while economic recovery seems to have begun, forecasts for economic growth, oil and gas prices, and gas demand all remain uncertain.
Wood Mackenzie has completed a new study to explore the uncertainties facing the Russia gas sector, and explores 4 possible scenarios for the direction it will take.
To hear more about the study, use the links on the right to view the podcast we recorded at the outset, and the mid-study webcall we held in November.
If you are interested to know more, and would like to receive a copy of the full prospectus for this study or speak with the study team contact Kirsty Mitchell at kirsty.mitchell@woodmac.com
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