State Regulation of Energy Exports in Russia Using the Example of PJSC Gazprom

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Abstract

Energy exports are an essential element of the global economy, directly affecting the growth and competitiveness of countries. In the context of global changes in energy markets, such as the transformation of energy systems, the transition to green energy, as well as increasing competition and changing price trends, government regulation plays a key role in ensuring energy security and national interests. Mechanisms for regulating foreign trade, such as licensing and quotas, contribute to the effective management of energy exports, the protection of the economy and the fulfilment of international obligations. In particular, the impact of OPEC+ quotas on oil production in Russia demonstrates the importance of regulation in ensuring the stability and growth of the oil and gas sector. Linear regression analysis models confirm that revenue and oil production in Russia depend on a number of factors, including OPEC+ quotas, demand and oil prices on the global market. Gazprom's example illustrates how government policies and international agreements such as OPEC+ affect the strategic planning and financial results of oil and gas companies.

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About the authors

Ilona V. Tregub

Financial University under the Government of the Russian Federation

Author for correspondence.
Email: itregub@fa.ru
ORCID iD: 0000-0001-7329-8344
SPIN-code: 2192-9453
Scopus Author ID: 57189715735
ResearcherId: A-5855-2017

Dr. Sci. (Econ.), Professor

Russian Federation, Moscow

Dilyara A. Biktasheva

Financial University under the Government of the Russian Federation

Email: Biktasheva05@yandex.ru
ORCID iD: 0009-0003-3634-5123
Russian Federation, Moscow

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Supplementary files

Supplementary Files
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1. JATS XML
2. Fig. 1. Output statistics of the estimated model 1.

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3. Fig. 2. Output statistics of the estimated revenue model of Gazprom.

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