This study investigates how asset exchanges relate to various measures in the sphere of energy security enhancement and contribute to the development of open and competitive markets. It provides an analysis of national antitrust and approval processes in different jurisdictions, as well as the practice of asset swaps in the light of the current economic environment. Last but not least, the study looks at how the investment provisions of the Energy Charter Treaty relate to asset swaps and improve conditions for mutual investments along the energy value chain.
The study was prepared jointly by the Energy Charter Secretariat and the Energy Research Institute of the Russian Academy of Sciences. The purpose of the study is to inform the wider public, investors and policy makers about the impact of asset exchanges on risk mitigation and the promotion of cooperation in the energy sector.