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Gazproms Monopoly On Exports Backed by Duma

Published: July 7, 2006 (Issue # 1184)


MOSCOW The State Duma overwhelmingly approved a bill Wednesday formalizing Gazproms monopoly over gas exports, defying EU calls for liberalization on the eve of the Group of Eight summit.

The legislation is likely to exacerbate tensions between Russia and the European Union. Energy security is expected to top the G8 agenda in St. Petersburg.

The principle of a unified export channel has always been part of our export strategy, though it hasnt been set out in any normative documents or legislation, Gazprom spokesman Sergei Kupriyanov said. Now it will become the law.

Besides cementing Gazproms role as Russias sole natural gas exporter, the law extends the companys export monopoly to liquefied natural gas, or LNG, and liquefied petroleum gas.

While Russia does not produce LNG for now, it will begin doing so in the near future, as the Sakhalin Island and Shtokman gas fields come on line.

The sole exception to the new bill allows non-Gazprom gas exports from companies that hold production sharing agreements, or PSAs, with the Russian government. Royal Dutch Shell and ExxonMobil hold PSAs from the 1990s at the Sakhalin-1 and Sakhalin-2 fields.

The EU, rattled by drops in Russian gas shipments during Gazproms January price dispute with Ukraine, has pushed Russia to break up Gazproms export monopoly and ratify the Energy Charter Treaty, which mandates that signatories hew to market-based principles in energy investment and transit.

Russia seems to have hardened its stance against both the Energy Charter Treaty and breaking up the monopoly in recent months, paving the way for renewed conflicts at next weeks summit.

The new bill proceeds from the necessity of defending Russias economic interests, fulfilling international gas export obligations, securing federal budget revenues and supporting Russias energy balance, Interfax reported Wednesday, citing the text of the bill.

A virtual whos-who of Russian energy companies unsuccessfully lobbied to restrict the bills scope after it was introduced in the Duma in early June.

Vladimir Volubyov, a spokesman for joint Russian-British energy company TNK-BP, said his company sent its proposals to the Dumas Energy Committee along with those from oil companies LUKoil and Rosneft, and independent gas producers Itera and Novatek but that they were rejected without explanation.

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ALL ABOUT TOWN

Tuesday, Oct. 21


The Environment, Health and Safety Committee of AmCham convenes this morning at 9 a.m. in the organizations office.


Take the opportunity to pick the brains of Dmitry V. Krivenok, the deputy director of the Economic Development Agency of the Leningrad region, and Mikhail D. Sergeev, the head of the Investment Projects Department, during the meeting with them this morning hosted by SPIBA. RSVP for the event by emailing office@spiba.ru before Oct. 17 if you wish to attend.


Improve your English at Interactive English, the British Book Centers series of lessons on vocabulary and grammar in an informal atmosphere. Starting at 6 p.m., each month draws attention to different topics in English, with the topic for this months lessons being visual arts.



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