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3 Pages

Russia - events to watch in 2013

Russia - events to watch in 2013

Report summary

Russia will introduce a range of tax improvements, notably for offshore, tight oil and eastern gas projects. The Bovanenkovskoye and Vankorskoye fields will lead production growth with over 700,000 boe/d of incremental production capacity offsetting decline at Russia's mature fields.

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  • An improving tax regime
  • Key projects
    • Major projects start operations
    • Vankorskoye and Bovanenkovskoye lead production growth
    • New LNG and eastern gas projects remain a priority for Russia
  • Domestic gas competition to increase
  • Export pipeline over-capacity becomes apparent
  • Exploration and licensing remains steady
  • A steady asset market
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