The main objectives of restructuring the energy sector is to rid the state of investment burden and establish acceptable energy tariffs for consumers, Anatoly Chubais, the head of RAO UES, declared after the government meeting today. According to him, the implementation of the process of restructuring RAO UES has been put into practice already. The plan for restructuring the energy sector in the period from 2003 to 2005 has been approved. Within the framework of this document some 49 rulings and decrees are to be adopted, he said. Chubais also added that the capitalization of RAO UES had grown from 3bn rubles ($98m) to 11bn rubles ($361m) over the past 10 months, which testified to the fact that the market had supported reforms in the energy sector.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year