Irina Gaida, an expert at the Center for Energy Transition, presented an overview of the most important events and trends in the oil and gas industry over the past year. Based on market analysis, Irina has developed forecasts for the Russian fuel and energy complex.

The year 2022 has become extraordinary for the Russian oil and gas industry and the world as a whole in terms of its significance, scale and consequences, not inferior to the 1973 oil shock. The crisis has led to an abnormal increase in energy prices, primarily in Europe (but also in other regions of the world), as a result of which energy consumer bills have radically increased. This has created social and economic problems, including bankruptcies, closure of production facilities and relocation of industry to other jurisdictions.

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