Implications of sectoral sanctions on Russia’s gas sector

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Title: Implications of sectoral sanctions on Russia’s gas sector
Author: Sung, Jinsok
Organization: Bank of Finland
Department / Unit: Institute for Economies in Transition (BOFIT)
Series: BOFIT Policy Brief
ISSN: 2342-205X
Series year: 2020
Series number: 12/2020
Year of publication: 2020
Publication date: 3.12.2020
Pages: 18
Subject (yso): talouspakotteet; vaikutukset; maakaasu; kaasuntuotanto; öljy; öljyteollisuus; kaasuputket; energiayhtiöt; yritykset; vienti
Keywords: Bofit-kokoelma; Venäjä
Other keywords: natural gas market; sectoral sanctions; localization
Abstract: This paper considers the implications of Western economic sanctions on Russia’s natural gas sector. Despite exposures to increased risk to the gas industry, companies in the sector accelerated localization of imported technologies and moved into new markets. Recent evidence of this shift includes the launch of pipeline gas exports to China in 2019 and development of LNG capabilities to serve the global market.
Table of contents: Contents Abstract .....3 1. Introduction.....4 2. Western sectoral sanctions on the Russian oil and gas industry.....5 3. Russian gas projects influenced by US sanctions.....7 3.1. Yamal LNG......7 3.2. Yuzhno-Kirinskoe field.....8 3.3. Nord Stream 2 pipeline .....9 4. Russian gas companies respond to sanctions.....9 4.1. Localization of LNG technology and shipping capabilities.....9 4.2. Acceleration of market diversification.....12 5. Conclusions.....13 References.....14
Rights: https://helda.helsinki.fi/bof/copyright


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