Yakov and Partners - In the media

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Victoria Trifonova, an expert at the Yakov and Partners Research & Insights, focuses on the support of electric transport. In many countries, there are benefits for both its producers and buyers. For example, in some regions of Norway, owners of electric vehicles are almost exempt from taxes on them. And in the EU countries, subsidies for the purchase of an electric car are common up to 23% of the total cost

The estimated amount of financing for the new national project "New Nuclear and Energy Technologies" until 2030 is 2.14 trillion rubles. Gennady Masakov, director of the Yakov and Partners Research & Insights center, considers cryogenic LNG facilities and ice-class carriers to be the most critical technologies that the domestic oil and gas industry needs to replace

Russian exports to European countries in January – February 2024 decreased to $9 billion from $18.3 billion in the same period last year. "The share of European countries in Russian exports of oil and petroleum products did not exceed 5% last year and is unlikely to be any higher this year," says a Yakov and Partners expert Victoria Trifonova. "The ongoing reorientation of exports to Asian countries also contributes to the decline of exports to the EU"

The oil and gas projects in Russia’s Arctic will require about 200 ice-class vessels by 2035, according to a study by Yakov and Partners. Of the 748 gas tankers in operation worldwide, only 24 meet the necessary criteria for transportation through the NSR. Of the global tanker fleet of 2,319 vessels, only nine are capable of providing transportation through the NSR

Over the past nine years, the demand for gasoline and diesel fuel in Russia has been steadily growing. The largest average growth in demand comes from low-tonnage trucks, as well as passenger cars. In the Opinions section of Expert magazine, Gennady Masakov, Director of the Yakov and Partners Research & Insights center, deliberates on the issue of rising gasoline and diesel fuel prices

Russia has as many as 100 ice-class vessels able to carry Arctic cargoes, according Yakov and Partners estimates. However, only 27 of these ships — including 15 LNG tankers, seven oil tankers and five container ships — are of the Arc6 or Arc7 class that allows year-round navigation through thicker winter ice, according to Valdis Plyavinsh, an expert at Yakov and Partner’s Research & Isights Center

“The main reason for the growth in Russia’s drilling is the need to launch new wells,” said Gennadii Masakov, Director of the research and insights center at Yakov and Partners. “New wells have to be launched as the currently producing fields are depleting.”

The revenues from the oil and gas industry contributed 6.77 trillion rubles to the country's budget in the first seven months of 2024, which is a 62% increase compared to the same period a year earlier. According to Gennady Masakov, director of the Yakov and Partners Research & Insights center, the growth of oil and gas revenues stems from changes in the taxation system and increased year-on-year oil prices

Yakov and Partners experts believe the development of new technologies by oilfield service companies is hampered both by insufficient investment and the established model of interaction with vertically integrated companies. Analysts say that domestic oilfield services are mostly provided by small and medium-sized businesses, which are unable to compete technologically with the market leaders

It would be economically unreasonable for India to give up Russian oil given the growing demand for energy resources and the large share of Russian oil in the consumption structure. Oil supplied from Russia could only be replaced with more expensive options whose prices will keep climbing, says Sofia Mangileva, an expert at the Yakov and Partners Research & Insights center

By 2035, this country will need about 200 ice-class vessels. Today, only 24 out of the 748 LNG carriers in operation around the world meet the necessary criteria, as do 9 out of the 2,319 oil tankers. Even if there were no restrictions, Korean and Chinese shipyards are still heavily booked until 2028–2029. Given the circumstances, domestic shipbuilding is the only reliable option left to build up the Arctic fleet, says Gennady Masakov

External limitations have transformed the international logistics of oil, gas, and petroleum product distribution. According to Sofia Mangileva, an expert at the Yakov and Partners Research & Insights center, after cutting imports of Russian pipeline gas and oil, the EU had to shift to imports from other countries, primarily the US

According to the results of 2023, there has been an increase in both exploration and production drilling segments by 28% and 8% respectively, compared to the indicators of 2022. This is according to Gennady Masakov, a director of Research & Insights Center. He also clarifies that there were no announcements about the start of any new projects during the year