The present paper studies the effect of an upward correction of the natural gas price on the Russian domestic market. Russia has the largest gas reserves in the world and currently produces around 550 billion cubic meters of gas each year. Sixty percent of the production is sold domestically at...

One of grand challenges which are faced by Russia today is to deregulate its gas market while favouring longer-term growth of economy. Since the 1990s, several proposals for structural reforms of Russian gas industry have been intensively debated, including the split-up of Gazprom. From the...

In a competitive market situation, a symmetric price transmission is expected, and the speed of adjustment of the market should be equal, no matter in which direction input prices are going (up or down). When inputs' prices increase, firms need to pass on costs to avoid negative profit...

The growing impacts of climate change mainly due to the increasing emissions of GHG, especially carbon dioxide, has led to the development and implementation of specific strategies and policies to reduce them. Carbon capture and utilization (CCU) is currently seen as a good option, as it...

The availability of natural gas in Lima - Peru, from Camisea, in several urban areas of Lima, for technical reasons there are no natural gas facilities especially in peripheral urban areas in the highlands or hills. This is compensated by FISE government social programs providing subsidized...