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1st Russian Energy Forum - London 2014

The 2014 Russian Energy Forum around 100 professionals and leading experts to discuss the implications of geopolitical tensions on the Russian oil & gas sector.

The focus of the event was changing dynamics and the affect that they have on major deals and financing. The key points discussed were:

 

  • The impact of sanctions on the Russian energy sector and future financing options
  • The $400bn gas deal signed with China in May, 2014, Sino-Russian gas cooperation (regional and global implications), supply routes, CNPC’s oil & gas assets and equity participation in the Central Asian Republics and China’s gas expansion
  • Taxation policies & comparative economics within the Russian energy sector
  • Financing new Russian energy projects in the current climate (Russian liquidity and sources of funding), Russian relations with Western and Chinese companies
  • Russia-Ukraine-EU relations (policies of diversification and South Stream update)
  • Nord Stream – project of strategic importance to both Russia and the EU (existing financing and refinancing; Nord Stream as an ideal asset for the Euro project bond market)

“Russian Energy Forum 2014 attracted senior decision makers in energy and finance industries and offered a unique opportunity to broaden the horizon. The core discussion on EU-Russia- China Energy relations reflected the highest priority of the ongoing negotiations between the parties to secure further deals that can have colossal impact on the whole Eurasian region’s energy security and flows. The next forum edition will be a Not-to-Miss event.”

Dr Keun-Wook Paik

Oxford Institute for Energy Studies

Key speakers:

Professor Charles Hendry MP – President, Russo-British Chamber of Commerce Advisory Council

Charles Hendry has been Conservative Member of Parliament for Wealden since 2001 and was Minister of State for Energy from May 2010-September 2012. He was previously the Conservative Party’s spokesman on energy issues, holding the portfolio longer than any previous Minister.
The Prime Minister has appointed him as his Trade Envoy to Azerbaijan, Kazakhstan and Turkmenistan. Since leaving Ministerial office, he has been appointed as a Visiting Professor at the University of Edinburgh (in both the Business School and the Academy of Government). He is advising the Energy Secretary, the Rt Hon Ed Davey MP, on ways to drive up UK content in the oil and gas industry. Charles is President of the British Institute of Energy Economics; of the fuel poverty charity, National Energy Action and an Honorary Fellow of the Energy Institute. He is also President of the Advisory Board of the Russo-British Chamber of Commerce.
He has also held the business, higher education and youth portfolios for the Conservative Party; as well as the role of Deputy Chairman of the Conservative Party.
Prior to entering Parliament, Charles had his own communications consultancy, supporting chairmen and chief executives in their corporate networking. He was Chief of Staff to the Foreign Secretary, William Hague MP, when he became Leader of the Conservative Party.

Dr Boris Abramov – Trade Representative of the Russian Federation in the United Kingdom, Ministry of Economic Development

Boris Abramov was appointed by the Government of the Russian Federation as the Trade Representative of the Russian Federation in the United Kingdom in 2014.

Born in 1962, Dr. Abramov has more than 20 years experience in the sphere of international economic and financial cooperation, which started in 1993 when he joined the Russian Ministry of Foreign Economic Relations. His professional experience subsequently includes working as the Deputy Trade Representative of the Russian Federation in China and the Chief Representative of the major Russian banks, Vnesheconombank and VTB Bank, in Beijing, China. Dr. Abramov graduated from the Moscow State University, Institute of Afro-Asian Studies (cum laude) in 1984, with major in International Economic Relations. In 1992 he received a Ph.D. degree with specialisation in International Trade. Dr. Abramov speaks fluent English and Chinese.

Alex Griffiths – Managing Director, Head of Natural Resources and Commodities, EMEA, Fitch Ratings

Alex Griffiths is Head of Natural resources and Commodities for Fitch Ratings’ EMEA Corporate group. He is responsible
for ratings in the Oil and Gas, Metals and Mining and Chemicals sectors.

Alex joined Fitch in London in 2005 as a corporate analyst, where he specialised in the media sector. In 2009 he took on the role of Head of Research for EMEA and Asia-Pacific, a role which involved leading cross-sector research projects, sitting on rating committees across the Corporate group, and delivering training on credit analysis. Prior to this, Alex spent eight years with Deloitte’s audit practice, where he gained experience ranging from transaction services work to audit, IFRS transitions, expert witness assignments and sector research.

Alex read economics at St. Catharine’s College, Cambridge, and is a member of the Institute of Chartered Accountants in England and Wales.

Dr Andrey Konoplyanik – Adviser to Director General, Gazprom Export LLC, Professor, Russian State Gubkin Oil and Gas University

Andrey A. Konoplyanik is an energy economist by background. In 1996-1999 Prof. Konoplyanik worked as an Executive Director of the Russian Bank for Reconstruction and Development.

In 1999 he created and until early 2002 was the President of the Moscow-based Energy and Investment Policy and Project Financing Development Foundation. From March 2002-May 2008 Prof. Konoplyanik served as Deputy Secretary General of
the Energy Charter Secretariat in Brussels, Belgium. Since July 2008 till September 2011 he was an Adviser to the Board, GPB Neftegas Services B.V., Moscow branch, and a Consultant to the Board, Gazprombank, Russia. Since September 2011-May 2012 he was Director for energy markets regulation and project leader, Foundation “Institute for Energy and Finance”.

Prof. Konoplyanik published more than 500 articles on energy issues both in USSR/ Russia and abroad, and participated in around 70 monographs, including 14 individual ones. He is a frequent speaker at international energy conferences.

Since January 2013 he was an Adviser to Director General of Gazprom Export LLC.

Professor Keun-Wook Paik – Senior Research Fellow, Oxford Institute for Energy Studies

Prof. Keun-Wook Paik is a specialist on Northeast Asia’s oil and gas issues, in particular Sino-Russian oil and gas cooperation, China’s natural gas industry, and DPRK’s offshore oil exploration. He joined the Institute in January 2007 and also is currently associate fellow, Energy, Environment and Development Programme, Chatham House. Professor Paik is author of “Sino-Russian Oil and Gas Cooperation: The Reality and Implications” (Oxford University Press, 2012). He is author of more than 40 contributed papers. He served as an advisor to Sino-Russian Oil and Gas Cooperation Committee, CNPC during March 1998-December 1999 and as an advisor to Chairman of the Government, Sakha Republic during November 2000-November 2002. He also served as a consultant for the establishment of UNDP GTI’s Energy Board and the Energy Expert Council during the first half of 2006. In 2011, Prof. Paik was invited as a visiting Professor on Geopolitics of Northeast Asian Energy at Global Collaborative 2011 Summit Programme at Kyunghee University. In 2012, He became a part time BP Professor at Moscow School of Management Skolkovo Energy Centre. In 2013, he was invited as Adjunct Professor of Energy Politics for Yonsei-OIES Programme on Energy Security at Yonsei-Seri EU Centre under Institute of East-West Studies, Yonsei University.

Peter Rath – Head of Finance and Treasury, Nord Stream AG

Peter Rath joined Nord Stream in late 2006 and played a key role in successfully structuring and implementing the project financing during a particularly difficult period in the global financial markets.

Peter has held various roles within the BASF group since 1984. From 2000-2006, he was Head of Project Finance at Wintershall, the oil and gas business unit of BASF in Germany. In this position, he worked on the structuring and financing of various projects (e.g. the Achimgaz upstream Joint Venture with Gazprom). From 1997-1999, Peter was CFO of Wintershall’s Canadian Oil and Gas subsidiary in Calgary. Prior to this assignment, he worked in the Finance Department of Wintershall after spending four years in the Controlling Department of the former BASF potash and salt mining subsidiary K+S. Peter has a Master of Business Administration degree from the University of Göttingen, Germany.

Dr Shamil Yenikeyeff – Research Fellow, St Antony’s College, University of Oxford & Research Fellow, OIES

Dr Shamil Yenikeyeff is a Research Fellow at St Antony’s College, University of Oxford and is also a Research Fellow at the Oxford Institute for Energy Studies.

His current research focuses on the political economy of the oil and gas sectors of Russia and Central Asia with emphasis
on industry-specific challenges, economic policies, state-business relations, corporate strategies, political and economic risks.

Dr Yenikeyeff holds a first class degree with honours in law from the Bashkir State University, Russia, and an MPhil and DPhil in Politics from the University of Oxford.