New Fuel and Energy Sector Regulations in Russia and the World in Jul—Sep 2019

25 november 2019

The ratification by Russia of the Paris climate agreement, improvements in the regulation of fuel and energy rates, development of new laws in the oil and natural gas sector in Africa, innovations in the fuel and energy sector of other countries - these are just some of the topics included in the new issue of the review of the fuel and energy sector regulations in Russia and around the world prepared using data for Q3, 2019.

Experts have studied the mechanism for providing tax relief to participants in regional investment projects and residents of special economic zones, whose goal is to boost investment activity in Russia. The analysts also looked at the government investments in the construction of the LGN terminal "Utreniy" and the approved list of co-generation power plants earmarked for modernization.

The authors of the study looked at the draft law on improving the mechanisms for selling oil and petroleum products as well as proposals for how to improve the procedure for setting and applying a special premium on the natural gas transportation rates. Among the planned changes, they also noted the creation of a single portal for getting a connection to the power grid.

In the global market the experts noted such developments as the creation of a legal environment for raising foreign investments in the oil and gas sector of Africa, the freezing of price for petroleum products in Argentina, the new data management rules in the oil and gas industry of Indonesia, the setting up of a new center for energy information in Canada and the creation in Ukraine of an independent gas transportation system operator.

The review still has a special section analyzing the international sanctions against the Russian Energy sector.

Experts of the Moscow EY oil and gas center took part in drafting the review.

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 Q3 2019.

For other editions of the Review see Publications.