Russian energy model challenges OPEC

The OPEC model has been limited to crude oil; the Russian model aims at covering supply of both crude oil and natural gas. The OPEC model has been limited to regulating supply and price, according to the swing-producer mechanism. Until now, this role has been played by Saudi Arabia, with its global lead in crude-oil reserves, and in its flexible capacity to lift, pump to port, and ship.
The Russian model aims to supplant the Saudis, emphasizing Russia’s global lead in gas reserves and in barrel of oil equivalent (boe). Already, Russia exceeds Saudi Arabia as the largest producer in boe terms (13.3 million boe per day, compared with 10 million boe/d for Saudi Arabia); the largest exporter in boe terms (18.7% of global hydrocarbon exports); and the largest reserve base (16.3% of world hydrocarbon reserves boe).

From the Russian perspective, the Saudi role and OPEC model have benefited the United States, which can pressure Saudi Arabia into opening the spigot to deal with supply emergencies; the US also pressures other oil producers, such as Libya, Iraq, Iran, Venezuela, and Indonesia, by military methods, diplomacy, and economic sanctions. In the Russian alternative, the US will be far less influential, and have fewer levers, commercial or military, to effect pressure on the energy suppliers. Russian arms and defense-industry partnerships are on offer to relatively weak, intervention-prone energy producers in Africa and Latin America to offset US pressure.
An extensive discussion of the differences between the models can be found at Asia Times