Konstantin Simonov,
The Head of NESF | Dear fuel-interested readers! I am happy to welcome you here on the National Energy Security Fund internet site. If you are here then you are probably interested in the following subjects: - Money streams in oil and gas industry
- Competing projects of Russian energy development
- Future of Russian oil and gas corporations
We, at the National Energy Security Fund, are highly concerned about these issues too. Hence, we will try to be your guide in the world of big politics and energy business. Our main goal is to show how energy resources and political power in Russia interlink. «Study what hasn’t been studied» is the motto we are guided by sniffing out the smell of the money, oil, and gas in the Russian government lobbies. |
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 | NESF traditionally concludes the year with its final report that sums up main events and tendencies of 2018. The year was rich in events in the political and production spheres. More reports » |
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 | The new report analyzes the situation which followed «reformatting» of the political system in Russia within the «Successor» operation. Currently the new management structure and inter-elite situation have been formed aggressively in view of the existing model of «Putin-Medvedev» duumvirate. More reports » |
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There has been much discussion about how Russia – Europe’s biggest gas supplier – can continue to supply gas to Europe over the coming decades in the most secure and cost efficient way. Gazprom and its European partners have decided that building two additional pipelines through the Baltic Sea (Nord Stream 2) is the best commercial solution to secure future gas supplies for the EU, where gas production continues to decline and demand is expected to grow.
The boom in shale gas production in the US and its wide-ranging influence on markets rocked the gas world. Liquefied gas deliveries were redirected, altering the already fragile balance of demand and supply in traditional markets for pipeline gas in Europe.
World market has shown interest to liquefied gas. Russia has so far been aside of it. However, producers have announced several large LNG projects. The new study will help investigate this delicate subject and understand what is in store for LNG production and export in the nearest years.
"Russia 2010. Report on Transformation" is a special publication prepared by experts and edited by Konstantin Simonov. This is the seventh edition of the Report published by the Economic Forum and the Eastern Institute.
Many saw the beginning of Vladimir Putin’s new presidential term as a window of opportunity for passing big decisions on restructuring of the gas market. The formation of a new government and media attacks on the Gazprom management were aimed at putting on the political agenda the issue of liberalisation of gas export and divestment of gas pipelines.
The subject of taxation became the absolute hit of 2018. The government once again decided to rewrite the rules of the game. President Putin’s new inauguration decree served as the main pretext. It turned out that about 8 trillion roubles extra was necessary for the new national projects announced. The Cabinet did not take long to decide where the funds should be taken. The result was acceleration of the so-called tax manoeuvre started as far back as 1 January 2015. It suggested shifting the tax burden to the wellhead: the effect on the state budget of gradual abandonment of the export duty will be more than compensated for by quicker growth in mineral resources extraction tax (MRET). The laws on tax reform have already gone through the parliament and will take effect as of next year. This means nothing good for companies.
The new study analyses state corporations that many consider a new long-term direction of Russian economy development. Currently, these corporations are becoming nearly the main mechanism for Russian elite to convert and cash out political power. Therefore it is important to understand affiliation of different state corporations with dominating political players, their role in the 2008 election campaign and place in the next executive power configuration that we will see completed by spring-summer 2008. It is also interesting to analyze possible ways the state corporations may transform into other forms of property in the nearest and medium-term future.
The new study analyzes political and socio-economic state of Russia after Duma election on December 2 2007 and possible consequences of power shuffle in March-May 2008.