It is necessary to invest money in energy infrastructure for economy emerge from stagnation

30 december 2014 | Russian Business Newspaper

External financing deficiency, national currency exchange fluctuations, energy exports revenue diversion worsened the oil and gas companies’ financial condition and reduced their interest in large-scale investments. That put the timing if not the implementation of major infrastructure projects in the fuel and energy sector at risk.

Alexander Kurdin
Alexander Kurdin
Department for Fuel and Energy Sector

Other important player in the energy construction projects - metallurgical complex, will face obstacles, according to experts. Disputes between energy and metallurgy on the pipe products supply price have become a usual practice.

It is necessary to invest in energy infrastructure to help the economy emerge from stagnation, that will bring long-term effect and stimulate growth, said the Head of the Department for Strategic Studies in Energy of the Analytical Center Alexander Kurdin in an interview to Russian Business Newspaper. Under these conditions the state will have to effectively regulate commodity-money relations between "constructions of the century" parties, considers the expert.