Head of the Center for the Study of World Energy Markets at the Russian Academy of Sciences’ Institute of Energy Research (since 2006), Head of Global Energy at SKOLKOVO Energy Centre. Member of the Valdai Discussion Club.
Previous positions: Worked in companies specializing in energy consulting – Eneco and Energo21; Worked in the laboratory concerned with the scientific foundations of the development and regulation of oil and gas supplies, the Institute of Energy Studies of the Russian Academy of Sciences – the leading research institute of Russia in the area of integrated energy studies (1998).
Research interests: Analysis of the development of global energy markets and Russia’s energy export and import policies, analysis of the energy markets of Russia, CIS countries and Europe, including production and transportation of energy resources, demand, energy policy, pricing, taxation and market restructuring.
Almost three months have passed since the European Union (EU), backed by a number of other countries, imposed an embargo on Iranian oil imports. According to the International Energy Agency (IEA), during this time Iranian oil exports have fallen by two-third, from three million barrels of oil per day in July 2011 to about one million barrels in July 2012.
Russia is one of the world’s largest energy suppliers and players on the energy market. It produces 9.6% of the world’s primary energy and annually invests about 4.5% of its GDP in the energy sector. Therefore, it needs to make regular and thorough analyses of global energy markets for purposes of national strategic planning and corporate investment.
Given the crisis and the plummeting demand, Gazprom agreed to index 15% of the supplied amounts to spot prices, which at the time were significantly below the prices pegged to petrochemicals. It also introduced additional conditions in connection to the unique situation on the global gas market.
In recent years one of the main aims of the EU energy policy was to reduce dependence on Russian energy. However, the start of 2011 has prompted to take a different view on the security of energy supply to Europe, especially given an unprecedented increase in gas demand observed in the European market in 2010.