Footnote:
Diese Datenquelle enthält auch Bestandsnachweise, die nicht zu einem Volltext führen.
Description:
Russia and four other CIS countries - Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan - are important energy producers and possess substantial reserves, particularly as far as natural gas is concerned. Russia alone accommodates about one quarter of the global gas reserves and has established itself - along with Saudi Arabia - as one of the world's two leading oil exporters. However, Russia's relations with OPEC so far have been largely a history of non-cooperation, and the prospects of future cooperation appear equally problematic. The prospects of the Russian energy sector are to be seen against the background of the newly adopted 'Energy Strategy until 2030'. The key problems tackled in the Energy Strategy are the so far generally insufficient exploration and investments in the new hydrocarbon fields. This is due to a number of factors such as the rising state involvement in the oil sector, the confiscatory tax regime, and the low domestic tariffs for gas. Deposits in the traditional energy-producing regions are largely depleted, while the fields which would enable maintaining or raising production volumes in the years to come lie predominantly in remote and technologically and climatically challenging areas. Their development would require the creation of appropriate production, transport and social infrastructure. The related total investments over the period until 2030 are estimated at some USD 1-3 trillion, implying that a substantial boost from the current investment levels is needed. In addition, the development of offshore gas deposits would require the construction of LNG plants, the expertise for which within the Russian gas industry has been very limited so far. Therefore, attracting more foreign investment and related know-how, and more private capital in general, appears to be indispensable for the government plans to materialize. Intensifying the existing 'Energy Dialogue' between Russia and the EU and deepening the mutual investment penetration would be highly instrumental in achieving these ...