‘State Regulation of the Oil & Gas Sector in 2018; Prospects for 2019’ report released

The researcher traditionally concludes the year with its final report that sums up main events and tendencies of 2018. The year was rich in events in the political and production spheres.

A new government was formed in Russia in May. Oil prices were either rising or falling, which led practically to termination of the OPEC+ deal and then to feverish attempts to reformat it.

Gazprom set another record in gas exports and completed construction of two lines of the TurkStream, while NOVATEK launched three trains of its LNG plant in Yamal. It was happening on the background of the Europeans' desperate struggle against the Nord Stream 2 and threats to import LNG from America.

The deal on selling a stake in Rosneft to Chinese investors failed, which was a heavy blow to the state company. This, however, did not hinder Rosneft from participating in corporate battles throughout the year.

The year 2018 was marked by a new tax system for oil producers; it includes acceleration of the tax manoeuvre, introduction of the excess profit tax (EPT) as an experiment, as well as negative and dampening excises for producers of petroleum products.

Growth in domestic fuel prices and ways to counter it were actively debated throughout the year. It is a general scene of the year 2018.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/13032019/state-regulation-of-the-oil-gas-sector-in-2018-prospects-for-2019-report-released/