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Oil and Gas Industry and the Putin’s Energy Project
National Energy Security Fund, Aug 2007, Pages: 41
President Vladimir Putin has pledged not to run for the third consecutive presidency. However, it is obvious that he will not disappear from the Russian politics and economics. What will Putin take up after he leaves the Kremlin? One of the possible scenarios is a job in the energy sector. This is an interesting, not too confusing and promising field. Oil and gas are the Russia’s main cards and possibly the Putin’s key to the global hydrocarbon market. Hence is the big significance of the Putin’s energy project.
It is possible that Putin intends to establish an energy platform for himself before he has to go and minimize the risk of getting kicked down after the next presidential election. Hiring former European politicians, Putin understands perfectly that the “life after presidency” will depend on the ability to control significant economic assets. How does he see the industry after his presidency expires? What will be his role in the oil and gas industry? The new research by the Energy Security Fund tries to give answers to these questions.
The research studies the possible scenarios of the industry development “after Putin”:
- Establishment of an energy mega corporation for Putin to run. Possibilities of state companies Gazprom and Rosneft merger. Associated political risks. The possibility that the union will also take over Transneft, Sovkomflot, and Novoship. The fate of private oil companies.
- Mechanical scenario of the Fuel & Energy Industry development. Putin remains in politics, Gazprom and Rosneft continue bloating. The two corporations are running out of opportunities for growth and their interests may collide.
- Putin’s opportunities to become chief of a multinational energy business. Putin and the “Gas OPEC.” The possibility of an alliance between Russia, Kazakhstan, Uzbekistan, and Turkmenistan.
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