The first results of the ‘big tax maneuver’, changes in the rules for using the natural resources found in the Baltic Sea, subsidies to the electric power industry, the new Energy Charter, sanctions against the Russian energy sector and other relevant issues are discussed in the new review of the changes in the regulation of the Russian and global fuel energy sector prepared by the experts of the Analytical Center based on Q2 2015 data.
The experts try to assess the possible consequences of the changes that occurred in the period under consideration. In Russia, the focus of their attention was on the ratification of the agreement between Russia and China to supply natural gas to China via the ‘Eastern’ route, the procedure for mediated connection of users to the grid, improvements in the procedure for determining how much capacity must be bought in the wholesale market for electricity and capacity, monitoring and reduction of the amount of greenhouse gas emissions and some other issues.
In the global markets, the experts’ attention was drawn to the New Energy Charter, regulation of export contracts in Indonesia, imposition of stricter requirements for the rail transport of oil and petroleum products in the US, liberalization of the natural gas market in Ukraine, updating of long-term priorities in the energy sector of the Czech Republic, and some others.
The EY Moscow Oil & Gas Center took an active part in preparing 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 in Q2 2015.
For other reviews see Publications.