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Since the collapse of the Soviet Union, Gazprom has dominated the Russian gas industry. However, the markets in which it operates have changed dramatically, with the company increasingly being challenged at home and abroad. At this critical moment, this insightful book analyses the involvement of the Russian gas industry in the changing international gas market and the dramatic implications for Russia's role as a global supplier of gas in the future.

James Henderson and Arild Moe explore the link between changes in Russia s domestic market, where new players have recently emerged, and the development of Russia's gas export business. In particular, they assess the growing importance of LNG exports and the role of Novatek in developing this new business area for Russia. They also review changes in European gas trade and the development of new EU regulations, analysing the ambiguities in Europe's position on gas exports from Russia and showing why efforts to limit expansion of Russian gas exports have been unsuccessful.

Timely and comprehensive, this book is critical reading for academics and researchers interested in the development of the global gas market. Policymakers and economists, particularly Russian specialists, will benefit from this book's key insights into the economic and political consequences of Russia's changing role in the global gas market.