Released on = June 2, 2006, 4:10 am

Press Release Author = RNCOS

Industry = Energy

Press Release Summary = RNCOS Research:( http://www.rncos.com/Report/IM035.htm)
Russia needs to set up an independent energy regulator to control its oil and gas
supplies to Western Europe. Russia's oil and gas sector comprises of 42% of its
export revenues.

Press Release Body = RNCOS Research: (http://www.rncos.com/Report/IM035.htm) Russia
must reform its energy market if it wants to continue to supply gas to Western
Europe. There is an urgent requirement for independent energy regulator for
controlling its energy sector.

To start with in January this year, Russia cut the gas supply to Ukraine, to have a
favorable impact on the supply to Western Europe. Russia's gas policies have had an
international impact also. Western countries have expressed concern that Russia is
using its oil and gas resources as political tools.

There was a time when the major Russian oil and gas company, 'Gazprom' was stressed
to subsidize prices in its neighboring countries to enjoy political clout. However
now when Georgia and Ukraine want to secede ties with Russia, the two countries have
been asked to give market rates. The swap of economics-for-politics is over and
Gazprom enjoys higher profits. Russia has further strengthened its hold by warning
that oil firms in US would find business short in case the US differentiates against
Russia in the WTO negotiations.

RNCOS' report, "Russian Oil & Gas Industry Forecast" provides:
· Regional analysis on the basis of size and value of the industry.
· Key players and contractors along with their background plus contact information.
· Updated information on related infrastructure added with logistical changes
influencing both the upstream as well as downstream production.
· Ranking by analysts in terms of production, imports and exports.

The report elaborates on business environment, hurdles experienced, and major
driving forces influencing the industry, some of them listed as:
· Control by Russian government on the country's energy supplies, such as steps to
control routing of the new as well as the planned export pipelines.
· The non-availability of recourse to foreign investors to resolve disputes.
· Russia's oil & gas industry provide a large share of the energy resources in
world, by accounting for 42% of its export revenues.

The report gives an overview of the industry landscape and its key players; assesses
the business-operating ambience; and gives the latest regulatory developments in the
industry.

It also focuses on the present and future industry prospects, opportunities and
challenges facing it. And, it is a very good reading material for investors and
companies in the energy sector.

About RNCOS:
RNCOS, formed in 2002, offers Market Research Reports for your business needs and
aims to put an end to your information pursuit. Our expertise in gathering global
business information for industry research, corporate training, growth consulting,
and business consulting, brings reputed companies and firms to us for business
enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

To purchase your copy: http://www.rncos.com/Report/IM035.htm
For more information about the report please visit www.rncos.com


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com