Start of campaign to prepare Russian Federation constituent regions for the 2017–2018 autumn and winter season
The government commission of the (federal) headquarters under the Ministry of Energy of Russia charged with securing electric power supply has started holding field meetings to prepare for the upcoming autumn and winter season.
The key objectives of the federal headquarters are:
- coordinating the activities of federal executive agencies, executive agencies of Russian Federation constituent regions and organizations for preventing and eliminating consequences of power cuts and ensuring safe operation of electric power facilities and power installations of electric power consumers;
- coordinating ongoing information exchange between federal executive agencies, executive agencies of Russian Federation constituent regions and electric power stakeholders in the event of emergencies at electric power facilities.
The Far Eastern Federal District was the first to have the progress and urgent issues of its preparation for the autumn and winter season discussed, followed by the Urals Federal District. The government commission members will be reviewing other regions’ preparedness until October. The results of the reviews will be summarized at the All-Russia Meeting on Preparation for the 2017–2018 Autumn and Winter Season to be chaired by Alexander Novak, Russia’s Minister of Energy. The event will take place as part of the Russian Energy Week.
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Alexander Novak, Minister
of Energy of the Russian Federation, co-chaired the 9th meeting of the OPEC/Non-OPEC
Joint Ministerial Monitoring Committee.
The participants
reviewed the situation on the oil market and discussed possible further steps under
the agreement. The discussion touched upon the issue of allowed production
growth, as well as proposed regulating principles for OPEC/non-OPEC countries
cooperation after 2018.
The Head of the
Ministry of Energy outlined the main indicators of the Vienna Agreement
implementation success. According to the Minister, the Agreement execution by
OPEC and non-OPEC countries reached 147% in May. Since early 2017, OPEC+
members have managed to reduce the surplus of oil reserves by 380 million
barrels. “The market sees the success of our joint efforts to reduce the volume
of stocks and reacts positively,” emphasized the Minister.
According to
Alexander Novak, today we see the signs of a steady market balance, but it is
very important not to allow ‘overheating’ of potential petroleum shortage. “The
declaration we adopted in 2016 implies flexibility and aims to stabilize the
market. This means possible actions both in case of surplus and deficit,” the
Head of the Energy Ministry noted.
Following the
meeting of the extended monitoring committee, most of its participants received
recommendations to consider at an upcoming ministerial meeting of OPEC and the
subsequent ministerial meeting with the participation of non-OPEC
petroleum-exporting countries an increase of production of 1 million barrels
per day (from the current level), distributing this amount among the parties to
the agreement.
Source: minenergo.gov.ru