1887

OECD Journal: Competition Law and Policy

  • Discontinued

This journal draws on the best of the recent work done for and by the OECD Committee on Competition Law and Policy. Its articles provide insight into the thinking a competition law enforcers, and focus on the practical application of competition law and policy. Here’s what Robert Pitofsky, Chairman of the US Federal Trade Commission said about this new journal when it was launched: “Global competition is the wave of the future, and comparative analysis of the laws and practices of various members of the worldwide community of nations is a necessary corollary. This new OECD Journal of Competition Law and Policy, compiled from OECD Round Table discussions, summaries of recent developments, and articles on topics of special interest, will introduce regulators, practitioners, and scholars to different regulatory approaches around the world and will allow us to consider in a more informed way the strengths and weaknesses of our own systems.”

Now published as part of the OECD Journal package.

English French

Reform of Gas Sector in Russia

There are few, if any, industries more important to the Russian economy than the natural gas industry. Russia is a major gas exporter and has substantial natural gas reserves. This industry is dominated by a single vertically-integrated firm, RAO Gazprom. The industry has faced several problems, including low domestic prices, widespread non-payment (and barter and offset schemes) and a virtually complete lack of competition. At a seminar in Moscow in September 2001, OECD experts and Russian officials discussed what can be learned from the experience of reform in OECD natural gas industries. The topics covered include enhancing the transparency of Gazprom, the need for rebalancing of prices, the "right" price for gas relative to other fuels, the financing of new investment, the structure and powers of regulatory institutions and the promotion of competition in natural gas production. A key issue for the Russian economy is whether to structurally separate Gazprom. Separation of natural gas production and transportation has the potential to enhance competition between gas producers, and stimulate development of gas fields, without necessarily foregoing the market power that Russia enjoys in international gas markets.

English French

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