PR-2023: PANEL DISCUSSION 1. "Political Risks for Global Energy Markets"

The years 2022−2023 became a period of another dramatic shock for the world economy, especially affecting the global energy sector. Following the 2020−2021 pandemic, which caused lockdowns, massive reduction in travel and a sharp drop in fossil fuels demand, leading to negative peak oil prices, political events of the last year shook the energy market once again. The rise of gas prices in Europe above the level of $ 3,000 per 1,000 cubic meters as a result of the sanctions and reduction of Russian gas supplies to the European market, as well as the introduction of a price ceiling for Russian oil supplies, forced all energy market players to reconsider their strategies and quickly change their usual development guidelines. Such shocks not only destroy sustainable development dynamics, but also give new impetus to those companies seeking to establish themselves in perspective areas and occupy new market niches with high growth potential. Challenges and opportunities in a turbulent environment raise the successful ones and make it difficult for those who, ignoring political risks, do not see the consequences of the ongoing changes, relying on the usual standards of established approaches. How fast and dynamic will the changes in transport logistics be with a reorientation to the East, how effective can the payments between countries in national currencies become, how will the global financial market change influenced by the move away from the dollar in the oil business?
Moderator — Elena Telegina, Dean of the Faculty of International Energy Business, Gubkin University of Oil and Gas

Sergey Ivanov, Special Presidential Representative for Environmental Protection, Ecology and Transport

Vladimir Milovidov, Deputy Director for Scientific Work, Primakov Institute of World Economy and International Relations (IMEMO)

Sergey Kudryashov, General Director of Zarubezhneft JSC

Mehdi Sanaei, Associate Professor at the University of Tehran, Iran (online)

Stanislav Zhukov, Deputy Director for Scientific Work, Primakov Institute of World Economy and International Relations (IMEMO)
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