Alleviating the EU’s rocky road: a firmer Kiev-Moscow partnership ahead?

Special report:

Nord Stream 2 and Ukraine: Costs Should Decide

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.

Shale Revolution: Myths and Realities

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.

Liquefied Natural Gas Outlook: Expectations and Reality

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.

Analytical series “The Fuel and Energy Complex of Russia”:

State regulation of the oil and gas sector in 2018, prospects for 2019

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.

Gazprom on Path to New Reality

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.

Looking for Best Tax Treatment of Oil and Gas: Fiscal Experiments Continued

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.

Results of Pivot to the East in Oil and Gas Sector

The plan of the pivot to the East began to be implemented in the Russian oil and gas sector long before another worsening of relations with the West. The motives behind it were most pragmatic. Consumption of oil and gas grew in Asia, and limited local reserves made it possible to forecast with confidence that Asian countries would top the list of importers of hydrocarbons. Meanwhile, Russia does have reserves of oil and gas in the East that could be monetised.

New government structure and FES: Reformatting the state system administrating the sector

Inauguration of Vladimir Putin this May was followed by reformatting of the Russian government and the system of executive power in general. These changes seem to be cosmetic, as the PM and many ministers preserved their seats. However, HR novelties are quite significant, and they directly concern the oil and gas sector. The reshuffle has not finished yet – the mop-up and structural changes still continue in some ministries. Yet, main players have already taken their seats, and it is possible to draw the first results of reformatting of the system administrating the oil and gas industry.

Global Oil Market: What Prices Should One Expect?

Many are afraid of volatility on the oil market. Now prices very quickly recoil to 30 dollars per barrel, now they push the 80 dollar mark. Total chaos dominates forecasts by leading Western analysts. Some predict prices at 100, while others their forthcoming collapse. Who is right? NESF has also decided to ask the one-billion-dollar question: how much oil will cost and what factors influence oil prices in reality.

Sanctions Against Russian Oil and Gas: Coil Tightening

The optimistic forecast about the development of relations with the US has not come to pass. Not only Western sanctions have not been lifted, but they have been made even heavier. Our report will explain what exact projects have already been frozen. How the new sanctions work. Where Russian companies look for funding. Whether non-residents are scared. How the industry views and experiences sanctions. Whether they have become a disaster.

American Shale: Life in Trump Era

The new American president clearly outlined his energy priorities by calling renewable energy a waste of money and placing his bet openly on hydrocarbons. This is excellent news for American shale companies. Just like the significant growth in global oil prices in 2017 and especially early 2018. Everyone would like to know how much oil it can really extract. And there is also the subject of shale gas. The US too aggressively advertises expected dramatic growth in LNG production. It is, however, impossible without substantial increase in the production of gas, once again from shale.

All reports for: 2015 , 14 , 13 , 12 , 11 , 10 , 09 , 08 , 07