... Rosneft develops with the Russian government, as Gazprom has always been the state official and legal monopoly, but as the former's potential grows, particularly in gas, this status quo may alter. Currently, Ministry of Natural Resources backs Gazprom (See: InterfaxEnergy). Finally, whether the TNK-BP deal was led to this development or not, Exxon Mobil just issued an ambitious $190 billion exploration and development plan. US giant is known for being the market leader and trend setter, so its not surprising to ...
... and legal climate on all sides involved does not allow for logistics yet to be breached.
Tatyana Mitrova - Vital Challenges for Russia:
As Tatyana Mitrova, Head of World Energy Markets Centre of the Russian Academy of Sciences and Head of Global Energy at Skolkovo, sees, there are three interlinked challenges for Russia. As mentioned, Russia must tackle its investment climate from its own side to allow for dynamic logistics, with transparency being vital. For instance Gazprom says it exported 150 billion cubic meters of gas, but only 107 billion was in fact pumped. Further, price disparity must be addressed with an informative business model. Sochi pipelines are 10 times smaller in diameter than Nord Stream’s,...
