On the State Information System of the Fuel and Energy Complex

 

On 3 December 2011 the President signed Federal Law No. 382‑FZ “On the State Information System of the Fuel and Energy Complex.”

The Law sets out a legal framework for the establishment and use of a state information system of the fuel and energy complex (“FEC”). Such system is to assure information exchange between state authorities and energy companies in order to develop an efficient state policy and a legal framework for regulating FEC. The operator of the information system of FEC is the Ministry of Energy.

The Law, in particular, lists information to be submitted for such purposes to include, information on the quality of energy resources, volumes of their production and transportation, tariffs and prices, environmental aspects of energy companies’ operation, etc. Breach of this rule entails liability. The procedure for the establishment and use of the information system of FEC, submission of this information to the system and access to such information is to be established by the Government.

The Law will enter into force on 1 January 2012.

For further information please contact Igor Ostapets or Irina Dmitrieva in the Moscow office of White & Case, tel + 7 495 787 3000 .

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