Russia's political system has clearly become vibrant. Resignations and new appointments, personnel purging and scandals – these factors have become a new norm of current politics in Russia.
Administrative competition in the country is growing, and it has evident outcomes in the oil and gas sector. The number of conflicts is expanding, while the role of state regulators is becoming very significant. Moreover, interests of companies in the sector do not always coincide, which puts regulators into a complicated situation.
The National Energy Security Fund is focusing on key sectoral conflicts that relevant ministries and services are engaged in.
The report elaborates on the following issues:
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The general configuration of control over the oil and gas sector
- Where are the main decision-making centers?
- The role of ministries
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Restructuring of the domestic natural gas market, liberalization of exports
- Positions of companies have been known very well for a long time. However, Gazprom and independent gas producers have opposite opinions.
- Which side will relevant authorities take?
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Regulation of production of hydrocarbons and distribution of reserves
- Liberalization of access to offshore deposits, policies in the sphere of licensing and subsoil use, and distribution of deposits – conflicts on these issues are becoming more frequent meaning it is interesting to analyze them.
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Distribution of assets
- However, the key question is how privatization will be carried out. Interests of companies cannot coincide in this sphere, because the demand for assets exceeds the supply.
- Will regulators manage to stick to their roles of unbiased organizers of fair tenders?
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Medium-term forecast of developments
Contents of the report:
INTRODUCTION | 3 |
Chapter 1. SEARCHING FOR WAYS OF INFLUENCE. DECISION-MAKING SYSTEM IN FES | 5 |
Chapter 2. REGULATION OF HYDROCARBONS PRODUCTION, LICENSING POLICY | 19 |
Chapter 3. REGULATION OF DOMESTIC MARKET, EXPORTS OF HYDROCARBONS | 34 |
Chapter 4. OPTIMIZATION OF ASSET MANAGEMENT AMID OIL AND GAS MARKET REDIVISION | 54 |
FORECASTS | 66 |
Date of release: | October 18, 2016 |