New fuel and energy sector regulations in Russia and the world in April-June 2017

8 august 2017

The issues of the general layout plan of electric power facilities in Russia until 2035, the introduction of a monitoring system for the assessment of readiness of subjects of electric power industry for work during heating season, changes in the procedure of the competitive selection of RES projects and others were addressed in the new review on changes and trends in the regulation of the fuel and energy sector in Russia and the world, based on the Q2 2017 results.

Experts have analyzed the changes planned for the Russian fuel and energy sector: the indexation of excise and mineral extraction tax rates, improving LNG exports pricing, improving procedures for connection to gas distribution networks, developing a smart electric energy accounting system, improving of regulation and audit of investment activities of natural monopolies, etc.

In the international section of the review, the authors focused on the US and its transition from energy security to energy dominance, Australia and its gas export controls, Indonesia's electric power industry development plan, China's new pricing mechanism for companies providing services for city gas distribution, green energy promotion in Romania, the Ukrainian electricity market reform, etc.

In a special section devoted to the analysis of international sanctions targeting the Russian energy sector, the experts recall that the European Union once again extended its sanctions in the end of Q2 2017, and the US increased its sanction list to cover 19 more individuals and 39 more entities, including a number of subsidiaries of Transneft PJSC.

For more details, see the review Changes and Trends in the Regulation of the Fuel and Energy Sector in Russia and the World: Focus on Q2 2017

EY Moscow Oil & Gas Center took an active part in preparing the Review.

For other reviews see Publications.