Russia to Retain Gold Prospecting Licenses, End Declarative Principle

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Reported Facts

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•The Russian Ministry of Natural Resources announced on March 31, 2026, that the application principle for issuing hydrocarbon plots will be canceled.
•The declarative principle for oil and gas licenses will end in September 2026.
•Prospecting licenses for gold placer deposits will continue under the existing system.
•The change applies to both oil and gas sectors but does not affect gold placer prospecting licenses.
•The Ministry of Natural Resources is responsible for implementing these changes.

▸If Russian energy companies adapt quickly to the new licensing procedures they may face fewer delays and maintain steady exploration activities, supporting continued investment in Russia's oil and gas sector.

StocksGazpromIncreased Volatility

Changes in oil and gas licensing procedures may create uncertainty about future exploration projects, affecting Gazprom's stock price.

This is not investment advice. Market exposure is based on conditional event analysis.

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