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Political and Economic Changes in the USSR: Energy Implications

The Soviet Union has played an important role in the European energy scene for more than two decades. The USSR is the largest oil and natural gas producer in the world and the largest coal producer in Europe. The USSR is also one of the largest oil and gas exporters. The main part of Soviet oil and gas is directed to Europe. Despite the drop of oil production and exports during the last two years the USSR still remains a significant oil supplier and the largest supplier of natural gas to Europe (see tables 1 and 2).

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Energy Specializations: Energy and the Economy – Energy as a Productive Input; Energy and the Economy –Economic Growth and Energy Demand; Energy and the Economy – Resource Endowments and Economic Performance; Energy and the Economy – Energy Shocks and Business Cycles; Energy Access – Energy Poverty and Equity

JEL Codes: Q40: Energy: General, Q41: Energy: Demand and Supply; Prices, Q35: Hydrocarbon Resources

Keywords: USSR, Structural reform, Energy policy, Oil and gas

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No3-1

Published in Volume 12, Number 3 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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