Russian Gas Industry to 2020

Transcription

1 Russian Gas Industry to 2020 Published January 2003 Available for $1195 PDF version, $1095 USD in print The Russian Gas Industry to 2020 provides an in-depth look at the world s largest gas industry, as it prepares to cope with the challenges of changing commercial environments in its major export markets and demands for greater corporate transparency at home. The report begins with an overview of the far-reaching political and economic changes that have swept Russia since Vladimir Putin was elected president of the Russian Federation in March Among other things these resulted in the May 2001 decision by Gazprom s board of directors to name Putin ally Vladimir Miller as the company s chief executive. To a considerable extent Miller is associated with an ambitious program to reform the Russian gas sector. According to the Russian Ministry of Economic Development and Trade, the key to the new program is opening up Gazprom s immense pipeline system through transparent pricing to 3rd party providers. This would clear the way for splitting up Gazprom s upstream operations into separate production entities Yamburg, Urengoy, Nadym and Noyabrsk among them. These entities would gain equal access to Gazprom s domestic and international pipeline system, which would be re-constituted as an independent corporate entity. The Russian Gas Industry to 2020 examines the problems and prospects for Russia s ambitious gas reform program, and considers its impact upon the future development of the Russian gas industry as a whole. Key issues examined include Russia s rapidly changing political and commercial environment; Gazprom s sometimes problematical business culture; major political and economic problems in Russian gas reform; the impact of Russian gas reform on the development of Russian gas exports; the role of foreign investment in Russian gas development; and Russia s relations with both gas producers and gas consumers in the independent republics of the former Soviet Union. Special attention is paid to the future of Russian gas exports to Europe, particularly within the context of the liberalization of energy markets in the European Union. Also considered is the possible role of East Siberian gas in allowing new Russian penetration of rapidly growing gas markets in Japan, Korea and China. The main question the report addresses is Russia s best strategy for expanding its gas exports and so improving its balance of payments. One school of thought holds that Russia should create an improved climate for foreign investment. This would lead to expanded domestic gas production and greater penetration of foreign export markets. A rival school of thought holds that acquisition of relatively cheap Turkmen and Uzbek gas supplies would go a considerable ways towards fulfilling Russia s European export requirements. This would preclude the need for large-scale foreign investment (and its sometimes troubling political implications) and also reduce the urgency of gas sector re-restructuring. 1

2 Russian Gas Industry to 2020 Table of Contents Chapter 1: The Political Dimension Vladimir Putin and the New Environment in Russia Recent Maco-Economic Successes and Future Prospects The Impact of September 11- Russia in the Minds of the International Hydrocarbon Community Chapter 2: Russia s Gas Profile Reserve Estimates and Major Fields Gazprom s Perspective on Foreign Investment Gas Infrastructure Russia and the Greater Eurasian Gas Production Complex The Future Russian Gas Balance Gas Balance Implications Chapter 3: The Gazprom Monopoly Company Profile Gazprom s Murky Past Gazprom s Dealings and Shareholder Confidence Chapter 4: Russian Gas Re-Structuring The Ministry of Economic Development and Trade Re-Structuring Blueprint Issues in Russian Gas Re-Structuring Political Considerations Prospects for Russian Gas Re-Structuring Chapter 5: Foreign Investment in the Russian Gas Industry Pros and Cons The PSA Framework Recent PSA Developments Recent Sub-Soil Licensing Developments Issues for Foreign Investors in Caspian Sea Waters Tax Changes Expatriate Tax Exposure in the Russian Federation 2

3 Chapter 6: Russian Gas Development and Russia s Relations with FSU Republics The Ukraine Russia and Central Asia A Tactical Perspective Turkmenistan Uzbekistan Tajikistan Kazakhstan Azerbaijan Kyrgyzstan Central Asian Gas Export and Russia Chapter 7: Russian and the European Gas Market Russian Sales Targets The Competition The European Gas Market Country by Country Survey Russia s European Gas Infrastructure Enough Capacity? European Gas Liberalisation and Russian Gas Exports Chapter 8: Russia and Asian Gas Exports The Asian Gas Market Sakhalin Gas Development and the Japan Gas Pipeline Project Korean Gas Export Projects Chinese Gas Export Projects Chapter 9: The Future of the Russian Gas Industry Russia and the World Gas Trade The Importance of Gas Industry Re-Structuring in Russian Gas Development A Paradigm for the Russian Gas Industry in

4 Order Form Russian Gas Industry to 2020 To order, select an electronic or print version of the report below and fax this form to Check One Product Version Price [ ] [ ] Electronic/PDF Version (available within 24hrs) Single User License Unlimited User License $1195 USD $3950 USD [ ] Print Version (allow 5-10 days delivery) $1095 USD Deliver to: Name Position Organization Address City Postal Code Phone: State/Province Country Fax: Credit Card: [ ] AMEX [ ] MC [ ] VISA Card Number Expiration Name on Card Signature Bank Transfer Information: Citibank: Account Number Routing (ABA) Number: Citibank NW Washington, DC Branch By Check: Make Checks Payable to: 4

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