Released on = June 8, 2006, 4:29 am

Press Release Author = RNCOS

Industry = Energy

Press Release Summary =

RNCOS Research: (http://www.marketsmonitor.com/category/IM035.html) 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.marketsmonitor.com/category/IM035.html) Russia must reform its energy
market if it wants to continue gas supply to Western Europe. There is an urgent
requirement for an independent energy regulator to control its energy sector.

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

There was a time when the major Russian oil and gas company, 'Gazprom' was forced to
subsidize prices to 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 pay 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 discriminates 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, import and export.

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 provides a large share of energy resources in the
world and accounts 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 before the industry and it's a very good reading material for investors
and companies in the energy sector.

About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports via MarketsMonitor 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.marketsmonitor.com/category/IM035.html
For more information about the report please visit www.marketsmonitor.com


Web Site = http://www.marketsmonitor.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