The Energy Industry working paper series is under the direction of Apostolos Serletis, Director of the Energy Industry group. The group is hosted by the International Center for Emerging Markets Research at RUDN University–Moscow in cooperation with its Scientific Director, Bruno S. Sergi, at the Davis Center for Russian and Eurasian Studies at Harvard University and the University of Messina. Authors of papers in the working paper series are fellows of the Energy Industry group.