Russian natural gas production and consumption has been relatively flat since the early 1990s in the wake of a slow pace of organizational reform and delays in new investments to optimize global export options. The internal problems of Russia’s natural gas industry have raised energy security concerns in Europe and Asia . Large consumers of Russian gas are worried that continuing problems in the Russia sector could mean that Moscow will be unable to meet its long term supply contract commitments past 2010. The fate of Russian and Caspian natural gas exports remains a major risk factor in global energy supply. This study will examine several scenarios for Russian and Caspian oil and natural gas production and possible export routes in the coming two decades. The investigation shall be conducted by using geopolitical and economic modeling and scenario analysis
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