Russia and the Caspian States in the Global Energy Balance

The Energy Forum will release a major study examining several scenarios for Russian and Caspian oil and natural gas production, alternative export routes and associated geopolitical factors. Russia is among the world"s most important oil and natural gas producers and, with the largest proven natural gas reserves in the world, is poised to emerge as a global natural gas supplier. Through its geography and geopolitics, Russia also controls the major pathways for oil and natural gas exports from the hydrocarbon-rich Caspian countries. In fact, when both oil and natural gas exports are considered, Russia exports more hydrocarbons than Saudi Arabia. As a result, Russia"s position as a major energy supplier has great significance not only for its foreign policy, but also for its relationships with major energy-consuming countries. Russia"s future role in the global energy market will be a major international energy security concern with implications for Europe, Japan and the United States.

This event was generously sponsored by the Baker Institute Energy Forum, Baker Botts L.L.P., and the Carnegie Moscow Center.


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Click here to read the Russia energy study policy report and working papers

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Event Agenda, Presentations and Transcripts

Opening Remarks

PDF icon Opening remarks by The Honorable Edward P. Djerejian, Founding Director, James A. Baker III Institute for Public Policy

Overview of the Baker Institute Study

PDF icon "Russia and the Caspian States in the Global Energy Balance"
Amy Myers Jaffe, Wallace S. Wilson Fellow in Energy Studies, Baker Institute

"Russia and the World Energy Market in the Context of Global Energy"
Ken Koyama, Ph.D., Director, The Institute of Energy Economics, Japan (IEEJ)

Morning Panel: Russian Natural Gas -- Economic and Geopolitical Factors

PDF icon "Scenarios for Russian Natural Gas Exports: The Role of Domestic Investment, the Caspian, and LNG"
Kenneth B. Medlock III, Ph.D., Fellow in Energy Studies, Baker Institute

PDF icon "Russian Oil and Gas: Surviving the Credit Crunch"
Rubin Weston, Partner, Baker Botts L.L.P.

Timothy Gould, Program Manager - Caspian, Caucasus, Southeast Europe Directorate of Global Energy Dialogue, International Energy Agency

PDF icon "Russian Gas Balance"
Tatiana Mitrova, Ph.D., Director, Center for the Study of Global Energy Markets, Institute of Energy Studies, Russian Academy of Sciences

Luncheon with Keynote Addresses

PDF icon Luncheon keynote address by The Honorable James A. Baker, III, Honorary Chair, James A. Baker III Institute for Public Policy; Senior Partner, Baker Botts L.L.P.

PDF icon Luncheon keynote address by H.E. Alexander A. Bessmertnykh, President, Foreign Policy Association

Afternoon Panel I: Russia and the Caspian -- Trends for the Future

"The Impact of Russia"s Foreign Policy on Caspian Geopolitics and Energy Routes"
Martha Brill Olcott, Ph.D., Senior Associate, Russian and Eurasian Program, Carnegie Endowment for International Peace

PDF icon "Central Asian Energy Relations: Evaluating the Impact of Informal Dynamics on Formal Arrangements"
Stacy Closson, Ph.D., Trans-Atlantic Post Doctoral Research Fellow, German Institute for International and Security Affairs, Global Issues Division

Yakov Pappe, Ph.D. (Invited), Senior Fellow, Institute of Economic Prognosis, Russian Academy of Sciences

Afternoon Panel II: Developing Russia"s East

PDF icon "Economic Crisis and the Politics of Regional Development of the Russian East"

Nikolay Petrov, Ph.D., Scholar-in-Residence, Russian Domestic Politics and Political Institutions, Carnegie Moscow Center

Leonid V. Smirnyagin, Ph.D., Consultant, The Institute for Urban Economics; Professor, Department of Geography, Moscow State University

PDF icon Commentary by Yoshikazu Kobayashi, Group Leader, Strategy and Industry Research Unit, The Institute of Energy Economics, Japan (IEEJ)

Closing Keynote Addresses

"What Lies Ahead in Russia? In the Global Energy Market?"
Lilia Shevtsova, Ph.D., Professor and Senior Associate, Carnegie Endowment for International Peace, Carnegie Moscow Center

PDF icon "Russia and the Global Energy Arena: Basic Issues in the Geopolitics of Oil and Natural Gas"
PDF icon Closing keynote address by Edward L. MorsE, Ph.D., Managing Director and Chief Economist, LCM Commodities

Closing Remarks


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Speaker James Baker, III

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Fri, March 20, 2009
7 a.m. - 4 p.m.
(GMT-0500) America/Chicago


Moscow, Russia