Open AccessChallenging Aspects of the Legal Regulation of International Economic Activities of Gas Exporters as Parties to Exchange Trade in Gas Abroad
Author(s) -
Sergey S. Koshman
Publication year - 2021
Publication title -
energy law forum
Language(s) - English
Resource type - Journals
ISSN - 2410-4396
DOI - 10.18572/2410-4396-2020-4-111-115
Subject(s) - international trade , business , position (finance) , russian federation , natural gas , international economics , commerce , industrial organization , economics , finance , economic policy , chemistry , organic chemistry
According to the Energy Strategy of the Russian Federation until 2035, the indicator of solution of the task of a flexible response to the world gas market dynamics is retaining by the Russian Federation of the dominant position of top three world gas exporters. Russian exporting companies are interested in trading in natural gas in European exchanges, as exchange trade in natural gas gives an opportunity to diversify the existing natural gas export mechanisms, gain access to highly liquid natural gas sales channels. At present, there is little legal research dedicated to challenging aspects of the legal regulation of exchange trade in energy resources, access of exporting companies to foreign exchanges. There are gaps and discrepancies in the existing legal regulation of this sector. The author reviews peculiarities of the legal regulation of relationships arising in trade in natural gas in European exchanges, the requirements set for exchange participants, the existing restrictions of these operations for Russian exporting companies, brings forward legal regulation development proposals.