“The Russian gas industry: peculiarities of legal regulation” Anastasia Polyakova, HSE Kaliningrad, 25 th of October, 2013.

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Presentation transcript:

“The Russian gas industry: peculiarities of legal regulation” Anastasia Polyakova, HSE Kaliningrad, 25 th of October, 2013

Fuel and energy complex social relations production of electricity, thermal energy transportation of gas, oil, oil products provision of services for the transmission of electric and thermal energy environmental and energy security sustainable use of natural resources

Russia in gas field the largest world power in gas reserves (21% of world reserves) produces about 19% of the world's gas 1/5 of gas exports

OAO Gazprom Global energy company Mission and strategic goal Reserves and gas production Reliable gas supplier to domestic and foreign consumers Diversifying transmission routes and reinforcing European energy security Markets and products diversification Environment and social responsibility Gazprom in global market

Natural gas is sold as a commodity is one of the most volatile commodities currently on the market. the price of natural gas is set by market forces and based on supply and demand

Long-term contract system price formula taking account of the oil prices for the previous 6 to 9 months clauses forbidding unilateral termination of a contract except for prolonged force majeure; take-or-pay commitment pertinent to significant contracted volumes stipulating that the customer shall pay for the volumes that have not been offtaken by him during a year and may be offtaken later after delivery of the minimum annual volumes contracted for the specified year and at the relevant surcharge.

The 3 rd Energy Package. Main aims. completion of the internal energy market of the European Union by 2014 developing relationships that will put an end to the isolation of EU member states from the European gas and electricity networks in 2015

" We are discussing a solution in which the rules of the" Third Energy Package "does not spill over our infrastructure projects. Other variants of admission of third parties (to the implementation of Russian gas projects in Europe) are not considered ", - said Russian Minister of Energy Alexander Novak.

The 3 rd Energy Package – the way to increase competition in gas market in order to lower energy prices and expansion of “new players”?!

Thank you for your attention!