A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, 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, 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 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 179 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, and Spanish t.me/RoscongressEsp. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Global Oil and Gas Market: Then and Now
16 June 2022
15:00—16:15
The global oil and gas markets are going through a challenging period. First the pandemic and now the geopolitical turmoil, caused by unprecedented sanctions pressure on Russia, are having a significant impact on the oil and gas markets. We see that in many countries, political motives have prevailed over economic interests, leading to a rejection of cooperation with Russia in the energy sphere. As a result, the European Union has seen an acceleration of inflation, an increase in the cost of utilities, a shutdown of many industries, and an increase in the unemployment rate. In the United States, there has been a record rise in fuel prices. The global oil and gas industry is entering a phase of fundamental structural changes. However, how ready and capable the exporting countries are to increase production and change the established supply routes is yet to be seen. Russia is still one of the leaders in hydrocarbon production and exports to the world markets. Even in the face of growing external pressure Russia continues to provide stable supply of energy resources to the domestic market, and also tries to maintain its export potential. All this poses a number of key long-term questions to the oil and gas industry: how much will the commodity market environment change? How will the global energy transition process take into account the new realities? What is Russia's role in the new energy agenda?
Date
16.06.2022
Forum
SPIEF
Started at
15:00—16:15
Conference hall
Congress Centre, conference hall D4
Analytics on the topic