Export Restraints on Russian Natural Gas and Raw Timber : What Are the Economic Impacts?
Export restraints by the Russian Federation on natural gas and timber have been the source of major controversy between the European Union and the Russian Federation. The analysis of this paper suggests that the export restraints in natural gas ve...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2010/01/11709092/export-restraints-russian-natural-gas-raw-timber-economic-impacts-export-restraints-russian-natural-gas-raw-timber-economic-impacts http://hdl.handle.net/10986/19904 |
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okr-10986-19904 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ALTERNATE FUELS AUTOMOBILES AVERAGE PRICE BUILDING MATERIALS CEMENT COMPARATIVE ADVANTAGE COMPETITIVE PRICES CONSTRUCTION COST CONSUMERS COST INCREASES DEMAND CURVE DEMAND CURVES DEMAND ELASTICITY DEMAND FOR ELECTRICITY DEMAND FOR ENERGY DEMAND FOR GAS DEREGULATION DOMESTIC GAS DOMESTIC MARKET DOMESTIC NATURAL GAS ECONOMIC PERFORMANCE ECONOMIC THEORY ECONOMIC VALUE ELASTICITIES ELASTICITIES OF DEMAND ELECTRICITY ELECTRICITY DISTRIBUTION ENERGY SOURCES ENERGY STRATEGY ENVIRONMENTAL BENEFITS EXCISE TAXES EXPORT MARKETS EXPORTS FAIR FORECASTS FUEL FUEL SUBSTITUTION FUELS GAS AND ELECTRICITY GAS COMPANIES GAS COMPANY GAS CONSUMPTION GAS DELIVERIES GAS DEMANDS GAS DEPOSITS GAS DISTRIBUTION GAS EXPORTS GAS FIELDS GAS INDUSTRY GAS PIPELINES GAS PRICES GAS PRODUCERS GAS PROJECTS GAS SUPPLIES GASOLINE GDP HOME MARKET INCOME INCOME ELASTICITY OF DEMAND INDUSTRIAL SECTOR INEFFICIENCY INFLATION INTERNATIONAL TRADE LIMIT PRICING LONG RUN ELASTICITIES MARGINAL COST MARGINAL COST PRICING MARGINAL COSTS MARGINAL REVENUE MARKET ACCESS MARKET ACCESS NEGOTIATIONS MARKET DEMAND MARKET ECONOMIES MARKET POWER MARKET PRICES MARKET SHARE MARKET STRUCTURE MARKETING MONOPOLIES MONOPOLY MONOPOLY RENTS MULTIPLE GAS SUPPLIERS NATURAL GAS NATURAL GAS CONSUMPTION NATURAL GAS DEMAND NATURAL GAS DISTRIBUTION NATURAL GAS INDUSTRY NATURAL GAS MARKET NATURAL GAS MARKETS NATURAL GAS PIPELINE NATURAL GAS PRICE NATURAL GAS PRICES NATURAL GAS PRICING NATURAL GAS PROJECTS NATURAL GAS PURCHASES NATURAL GAS RESERVES NATURAL GAS RESOURCES NATURAL GAS SALES NATURAL MONOPOLY NUCLEAR ENERGY OIL OIL AND GAS OIL COMPANIES OPPORTUNITY COSTS PETROLEUM PIPELINE PIPELINE CONSTRUCTION PIPELINE PROJECT PRICE CHANGES PRICE DECREASE PRICE DISCRIMINATION PRICE ELASTICITIES PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRICE INCREASE PRICE INCREASES PRICE OF GAS PRICE OF NATURAL GAS PRICES OF ENERGY PRICING MECHANISM PRICING POLICIES PRICING STRATEGY PROFIT MAXIMIZING PRICES RAILROADS REFINERIES RELEVANT MARKET RETAIL ROUTE SALES STREAM SUBSTITUTES SUBSTITUTION SUPPLIER SUPPLIERS SURPLUS TAX TRADE POLICIES TRADE POLICY TRANSPORT TRANSPORT COSTS TRANSPORT SYSTEM TRANSPORTATION TRANSPORTATION COSTS TRANSPORTATION FACILITIES TRANSPORTS TRUE UNDERESTIMATES UNEMPLOYMENT UNIFORM PRICING WELFARE ECONOMICS WORLD MARKETS WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
ALTERNATE FUELS AUTOMOBILES AVERAGE PRICE BUILDING MATERIALS CEMENT COMPARATIVE ADVANTAGE COMPETITIVE PRICES CONSTRUCTION COST CONSUMERS COST INCREASES DEMAND CURVE DEMAND CURVES DEMAND ELASTICITY DEMAND FOR ELECTRICITY DEMAND FOR ENERGY DEMAND FOR GAS DEREGULATION DOMESTIC GAS DOMESTIC MARKET DOMESTIC NATURAL GAS ECONOMIC PERFORMANCE ECONOMIC THEORY ECONOMIC VALUE ELASTICITIES ELASTICITIES OF DEMAND ELECTRICITY ELECTRICITY DISTRIBUTION ENERGY SOURCES ENERGY STRATEGY ENVIRONMENTAL BENEFITS EXCISE TAXES EXPORT MARKETS EXPORTS FAIR FORECASTS FUEL FUEL SUBSTITUTION FUELS GAS AND ELECTRICITY GAS COMPANIES GAS COMPANY GAS CONSUMPTION GAS DELIVERIES GAS DEMANDS GAS DEPOSITS GAS DISTRIBUTION GAS EXPORTS GAS FIELDS GAS INDUSTRY GAS PIPELINES GAS PRICES GAS PRODUCERS GAS PROJECTS GAS SUPPLIES GASOLINE GDP HOME MARKET INCOME INCOME ELASTICITY OF DEMAND INDUSTRIAL SECTOR INEFFICIENCY INFLATION INTERNATIONAL TRADE LIMIT PRICING LONG RUN ELASTICITIES MARGINAL COST MARGINAL COST PRICING MARGINAL COSTS MARGINAL REVENUE MARKET ACCESS MARKET ACCESS NEGOTIATIONS MARKET DEMAND MARKET ECONOMIES MARKET POWER MARKET PRICES MARKET SHARE MARKET STRUCTURE MARKETING MONOPOLIES MONOPOLY MONOPOLY RENTS MULTIPLE GAS SUPPLIERS NATURAL GAS NATURAL GAS CONSUMPTION NATURAL GAS DEMAND NATURAL GAS DISTRIBUTION NATURAL GAS INDUSTRY NATURAL GAS MARKET NATURAL GAS MARKETS NATURAL GAS PIPELINE NATURAL GAS PRICE NATURAL GAS PRICES NATURAL GAS PRICING NATURAL GAS PROJECTS NATURAL GAS PURCHASES NATURAL GAS RESERVES NATURAL GAS RESOURCES NATURAL GAS SALES NATURAL MONOPOLY NUCLEAR ENERGY OIL OIL AND GAS OIL COMPANIES OPPORTUNITY COSTS PETROLEUM PIPELINE PIPELINE CONSTRUCTION PIPELINE PROJECT PRICE CHANGES PRICE DECREASE PRICE DISCRIMINATION PRICE ELASTICITIES PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRICE INCREASE PRICE INCREASES PRICE OF GAS PRICE OF NATURAL GAS PRICES OF ENERGY PRICING MECHANISM PRICING POLICIES PRICING STRATEGY PROFIT MAXIMIZING PRICES RAILROADS REFINERIES RELEVANT MARKET RETAIL ROUTE SALES STREAM SUBSTITUTES SUBSTITUTION SUPPLIER SUPPLIERS SURPLUS TAX TRADE POLICIES TRADE POLICY TRANSPORT TRANSPORT COSTS TRANSPORT SYSTEM TRANSPORTATION TRANSPORTATION COSTS TRANSPORTATION FACILITIES TRANSPORTS TRUE UNDERESTIMATES UNEMPLOYMENT UNIFORM PRICING WELFARE ECONOMICS WORLD MARKETS WORLD TRADE ORGANIZATION WTO Tarr, David G. Export Restraints on Russian Natural Gas and Raw Timber : What Are the Economic Impacts? |
| geographic_facet |
Europe and Central Asia Russian Federation |
| relation |
Policy Research Working Paper;No. 5195 |
| description |
Export restraints by the Russian
Federation on natural gas and timber have been the source of
major controversy between the European Union and the Russian
Federation. The analysis of this paper suggests that the
export restraints in natural gas very substantially benefit
Russia. On the other hand, in raw timber the analysis
suggests that a substantial reduction of Russian export
taxes would increase Russian welfare. The paper explains
that Gazprom has failed to invest adequately, resulting in
little development of new gas supplies. The result has been
progressively increasing use by Gazprom of Central Asian gas
supplies, at progressively higher prices for Russia. The
increased prices of gas for Russian consumers have shown
that it is crucial for Russia to allow new entrants and to
introduce competition in the Russian domestic market.
Without export restraints, however, competition among
multiple gas suppliers from Russia would erode or eliminate
the monopoly profits of the Russian Federation on gas
exports. Thus, with a more competitive domestic market, the
Russian government would be expected to grant exclusive
exporting rights to a single entity (as it presently does
with Gazprom) or impose export taxes. Thus, Europe should
not expect to achieve cheaper Russian gas as a result of
structural reforms within the Russian gas market. A more
promising avenue for European energy diversification is new
pipeline construction to open up new sources of supply
independent of Russia (especially the Nabucco pipeline), and
liquefied natural gas purchases. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Tarr, David G. |
| author_facet |
Tarr, David G. |
| author_sort |
Tarr, David G. |
| title |
Export Restraints on Russian Natural Gas and Raw Timber : What Are the Economic Impacts? |
| title_short |
Export Restraints on Russian Natural Gas and Raw Timber : What Are the Economic Impacts? |
| title_full |
Export Restraints on Russian Natural Gas and Raw Timber : What Are the Economic Impacts? |
| title_fullStr |
Export Restraints on Russian Natural Gas and Raw Timber : What Are the Economic Impacts? |
| title_full_unstemmed |
Export Restraints on Russian Natural Gas and Raw Timber : What Are the Economic Impacts? |
| title_sort |
export restraints on russian natural gas and raw timber : what are the economic impacts? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2010/01/11709092/export-restraints-russian-natural-gas-raw-timber-economic-impacts-export-restraints-russian-natural-gas-raw-timber-economic-impacts http://hdl.handle.net/10986/19904 |
| _version_ |
1764444030763008000 |
| spelling |
okr-10986-199042021-04-23T14:03:52Z Export Restraints on Russian Natural Gas and Raw Timber : What Are the Economic Impacts? Tarr, David G. ALTERNATE FUELS AUTOMOBILES AVERAGE PRICE BUILDING MATERIALS CEMENT COMPARATIVE ADVANTAGE COMPETITIVE PRICES CONSTRUCTION COST CONSUMERS COST INCREASES DEMAND CURVE DEMAND CURVES DEMAND ELASTICITY DEMAND FOR ELECTRICITY DEMAND FOR ENERGY DEMAND FOR GAS DEREGULATION DOMESTIC GAS DOMESTIC MARKET DOMESTIC NATURAL GAS ECONOMIC PERFORMANCE ECONOMIC THEORY ECONOMIC VALUE ELASTICITIES ELASTICITIES OF DEMAND ELECTRICITY ELECTRICITY DISTRIBUTION ENERGY SOURCES ENERGY STRATEGY ENVIRONMENTAL BENEFITS EXCISE TAXES EXPORT MARKETS EXPORTS FAIR FORECASTS FUEL FUEL SUBSTITUTION FUELS GAS AND ELECTRICITY GAS COMPANIES GAS COMPANY GAS CONSUMPTION GAS DELIVERIES GAS DEMANDS GAS DEPOSITS GAS DISTRIBUTION GAS EXPORTS GAS FIELDS GAS INDUSTRY GAS PIPELINES GAS PRICES GAS PRODUCERS GAS PROJECTS GAS SUPPLIES GASOLINE GDP HOME MARKET INCOME INCOME ELASTICITY OF DEMAND INDUSTRIAL SECTOR INEFFICIENCY INFLATION INTERNATIONAL TRADE LIMIT PRICING LONG RUN ELASTICITIES MARGINAL COST MARGINAL COST PRICING MARGINAL COSTS MARGINAL REVENUE MARKET ACCESS MARKET ACCESS NEGOTIATIONS MARKET DEMAND MARKET ECONOMIES MARKET POWER MARKET PRICES MARKET SHARE MARKET STRUCTURE MARKETING MONOPOLIES MONOPOLY MONOPOLY RENTS MULTIPLE GAS SUPPLIERS NATURAL GAS NATURAL GAS CONSUMPTION NATURAL GAS DEMAND NATURAL GAS DISTRIBUTION NATURAL GAS INDUSTRY NATURAL GAS MARKET NATURAL GAS MARKETS NATURAL GAS PIPELINE NATURAL GAS PRICE NATURAL GAS PRICES NATURAL GAS PRICING NATURAL GAS PROJECTS NATURAL GAS PURCHASES NATURAL GAS RESERVES NATURAL GAS RESOURCES NATURAL GAS SALES NATURAL MONOPOLY NUCLEAR ENERGY OIL OIL AND GAS OIL COMPANIES OPPORTUNITY COSTS PETROLEUM PIPELINE PIPELINE CONSTRUCTION PIPELINE PROJECT PRICE CHANGES PRICE DECREASE PRICE DISCRIMINATION PRICE ELASTICITIES PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRICE INCREASE PRICE INCREASES PRICE OF GAS PRICE OF NATURAL GAS PRICES OF ENERGY PRICING MECHANISM PRICING POLICIES PRICING STRATEGY PROFIT MAXIMIZING PRICES RAILROADS REFINERIES RELEVANT MARKET RETAIL ROUTE SALES STREAM SUBSTITUTES SUBSTITUTION SUPPLIER SUPPLIERS SURPLUS TAX TRADE POLICIES TRADE POLICY TRANSPORT TRANSPORT COSTS TRANSPORT SYSTEM TRANSPORTATION TRANSPORTATION COSTS TRANSPORTATION FACILITIES TRANSPORTS TRUE UNDERESTIMATES UNEMPLOYMENT UNIFORM PRICING WELFARE ECONOMICS WORLD MARKETS WORLD TRADE ORGANIZATION WTO Export restraints by the Russian Federation on natural gas and timber have been the source of major controversy between the European Union and the Russian Federation. The analysis of this paper suggests that the export restraints in natural gas very substantially benefit Russia. On the other hand, in raw timber the analysis suggests that a substantial reduction of Russian export taxes would increase Russian welfare. The paper explains that Gazprom has failed to invest adequately, resulting in little development of new gas supplies. The result has been progressively increasing use by Gazprom of Central Asian gas supplies, at progressively higher prices for Russia. The increased prices of gas for Russian consumers have shown that it is crucial for Russia to allow new entrants and to introduce competition in the Russian domestic market. Without export restraints, however, competition among multiple gas suppliers from Russia would erode or eliminate the monopoly profits of the Russian Federation on gas exports. Thus, with a more competitive domestic market, the Russian government would be expected to grant exclusive exporting rights to a single entity (as it presently does with Gazprom) or impose export taxes. Thus, Europe should not expect to achieve cheaper Russian gas as a result of structural reforms within the Russian gas market. A more promising avenue for European energy diversification is new pipeline construction to open up new sources of supply independent of Russia (especially the Nabucco pipeline), and liquefied natural gas purchases. 2014-09-02T15:00:19Z 2014-09-02T15:00:19Z 2010-01 http://documents.worldbank.org/curated/en/2010/01/11709092/export-restraints-russian-natural-gas-raw-timber-economic-impacts-export-restraints-russian-natural-gas-raw-timber-economic-impacts http://hdl.handle.net/10986/19904 English en_US Policy Research Working Paper;No. 5195 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Russian Federation |