The review Changes and Trends in the Regulation of the Fuel and Energy Sector in Russia and the World in Q3 2016 looks at the conditions for extracting fossil fuels in the Russian Arctic, the return on investments in the electric power industry, the construction of nuclear power plant in Bangladesh and a number of other topics.
The bulk of the current Review is devoted to Russia. In the context of the oil and natural gas sector, the industry experts analyze the benefits available in exclusive economic zones and on the shelf, the fossil few production conditions in the Russian Arctic and the drafting of export and positional oil delivery schedules for futures contracts. A total of 6 chapters focus on the domestic electric power industry: the experts assess the return on investments in the sector, look at the capacity trade in the new territories of the wholesale market, determine the shortage of capacity, discuss improvements in reliability and quality of power supply and the mechanisms of state control over power utilities and default suppliers as well as the open information about the parameters that affect the market prices for electricity.
As for other countries, the experts note the improvements in cyber-security in the EU, new restrictions on natural gas production at the Groningen deposit in the Netherlands and some other issues.
The section analyzing the international sanctions against the Russian power industry remains relevant. In the past three months the EU announced an official extension of sectorial sanctions against Russia until 31st January, 2017 (Jul 1); Montenegro, Albania, Liechtenstein, Norway, Ukraine and Georgia announced they would be joining the EU’s decision to extend sanctions against Crimea and Sevastopol until 23rd June, 2017 (July 20); the US expanded and clarified their sanctions (Sep 1).
For more details see the review Changes and Trends in the Regulation of the Fuel and Energy Sector in Russia and the World in Q3 2016.
As usual, the EY Moscow Oil & Gas Center took an active part in preparing the Review.
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