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This book provides a succinct account of what may happen to the
energy sector in the former Soviet Union in the medium- to long-run
under alternative scenarios for macroeconomic reform. The analyses
reveal the serious damage of the oil resource base caused by the
reckless exploitation practices of the past. Production of oil and
coal can recover only slowly from the doldrums of the early 1990s,
but the potential to expand gas output is very considerable. Energy
consumption practices have been extremely wasteful in the past. The
total savings potential that could be accomplished as energy prices
are allowed to rise, and incentives to economise on energy use are
introduced, is huge. The analysis of production, and consumption
prospects is disaggregated by major republic. The likely evolution
of FSU energy exports until 2005 is also explored, and the impact
that changing export flows could have on the international prices
of oil, coal and natural gas, is discussed in detail.
This book provides a succinct account of what may happen to the
energy sector in the former Soviet Union in the medium- to long-run
under alternative scenarios for macroeconomic reform. The analyses
reveal the serious damage of the oil resource base caused by the
reckless exploitation practices of the past. Production of oil and
coal can recover only slowly from the doldrums of the early 1990s,
but the potential to expand gas output is very considerable. Energy
consumption practices have been extremely wasteful in the past. The
total savings potential that could be accomplished as energy prices
are allowed to rise, and incentives to economise on energy use are
introduced, is huge. The analysis of production, and consumption
prospects is disaggregated by major republic. The likely evolution
of FSU energy exports until 2005 is also explored, and the impact
that changing export flows could have on the international prices
of oil, coal and natural gas, is discussed in detail.
This book provides an account of what may happen to the energy
sector in the former Soviet Union (FSU) in the medium to long-run,
under alternative scenarios for macroeconomic reform. The analyses
reveal the serious damage of the oil resource base caused by the
reckless exploitation practices of the past. Production of oil and
coal can recover only slowly from the doldrums of the early 1990s,
but the potential to expand gas output is very considerable. Energy
consumption practices have been extremely wasteful in the past. The
total savings potential that could be accomplished as energy prices
are allowed to rise, and incentives to economise on energy use are
introduced, is huge. The likely evolution of FSU energy exports
until 2005 is also explored, and the impact that changing export
flows could have on the international prices of oil, coal and
natural gas, is discussed in detail.
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