Students will understand Russian energy sector as a whole, also its role in global energy. They know how Russia oil, gas and power industry is functioning, its role in Russian economy, basic development stages, and choices made during different times. They also understand regulative structures, ownership and Russian energy policy domestically and internationally. They can draw different future scenarios, realizing the dilemmas and alternatives energy sector faces in medium term future. They are able to analyze and even challenge any journalist article in Finnish or international newspaper and general political journal. Students learn how to make policy choices related to development of taxation, regulation, new infrastructure and new development areas.
- Russia’s role in global energy: past, today, future, international energy policy and Russia, Russia-Finland energy relations.
- Russian Gas sector: basic features, development stages, pipelines vs production dilemma, downstream, pipeline vs LNG, gas regulation, taxation, Gazprom empire, new gas companies, Arctic Gas, Arctic shipping routes, Europe vs China as export market.
- Russian Oil industry: past, today, future. Soviet specifics, privatization, specifics of 1990ies, JV period, role of western technology 1990ies, now and future, upstream vs downstream, YOKOS case, new Rosneft empire, PSAs, Transneft pipeline system, LukOil, Surgutneftegas, taxation, regulation, new major challenges of Eastern Siberia, tax maneuver.
- Russian Power sector: past, today, future. Major sector reform in 2000-2008, market liberalization, separation of monopolies from competition, UES company reform, privatization, basics of regulative system, System Operator, heat regulation as non-solved issue, problems in distribution, future challenges.