Create a Russian Business on Electricity and Gas
Create a Russian Business for Supplying Electricity and GasUpdated on Saturday 15th December 2018
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Russia is one of the richest countries in the world when it comes to natural resources, especially in natural gas. Opening a company in the energy sector in Russia represents a great business idea for investors interested in entering the local market or exporting natural gas and oil to other countries.
Among the types of businesses one can open in the energy sector in Russia are electricity, gas and air conditioning supply companies. Our lawyers in Russia can explain the regulations applicable in the energy sector in this country.
Regulations related to the supply of electricity, gas and air conditioning in Russia
The most important law related to the supply of electricity services in Russia is Federal Law No. 35 of 2003 on Electric Power. Foreign entrepreneurs interested in starting an electricity company must know that there are certain restrictions imposed by the authorities.
When it comes to the supply of gas, the most important law to consider is the Energy Law in Russia. Those who want to open companies for the supply of electricity and gas in Russia can register limited liability or joint stock companies.
When it comes to the offering air condition services, the company must comply with the Environmental Policy and Regulations.
Our lawyers in Russia can assist with the registration of a company for the supply of electricity, gas and air conditioning.
Licenses for companies in the energy sector in Russia
The following licenses are required when opening an energy company in Russia which offers electricity, gas and/or air conditioning services:
- - an authorization from the Ministry of Energy is required no matter if the company offers one or more services;
- - in the case of companies supplying gas services, these must obtain concessions from the government in order to exploit natural gas;
- - exploration and production licenses are issued for periods of 5 years; production licenses are issued based on auctions;
- - combined licenses are also available for companies exploring and producing electricity.
It is also possible for companies to export their services based on an export license.
For assistance in opening a company on electricity, gas and air conditioning supply, please contact our law firm in Russia.