
The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.
The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.
Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 133 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.
A new round of political activity to promote the Southern Gas Corridor from the Caspian to Europe started in February with a meeting in Baku of European energy ministers and supplier nation officials. In June, the first gas was transported via the Trans Anatolian Pipeline (TANAP) across Turkey. The first substantial source of supply for the Corridor, the Shah Deniz II project in Azerbaijan, started producing gas in June, and will ramp up to its peak output of 16 bcm/year by 202122. This will mean that Europe will receive around 10 bcm, no more than 2% of its overall demand, via the Southern Corridor (instead of 1020% planned in Brussels).
To assess the potential for the Southern Corridor during the 2020s, five groups of factors need to be taken into account:
While political leaders continue to paint the corridors prospects after 202122 in very bright colors, the market dynamics in the Caspian region itself, in the Caucasus and Turkey, and in Europe are less promising. The commercial conditions for the Southern Corridors success have deteriorated as political support for it has grown. The report argues that, up to 2030, the Corridor will most likely remain an insubstantial contributor to Europes gas balance. In the best scenario, there will be enough gas for a second string of TANAP but this wont happen until late 2020s.
The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.
The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.
Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 133 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.