Russia's new Energy Strategy - Optimistic Plans in uncertain Times Cover Image

Nowa strategia energetyczna Rosji – optymistyczne plany w niepewnych czasach
Russia's new Energy Strategy - Optimistic Plans in uncertain Times

Author(s): Szymon Kardaś
Subject(s): Energy and Environmental Studies, Economic policy, Environmental and Energy policy
Published by: OSW Ośrodek Studiów Wschodnich im. Marka Karpia
Keywords: energy supply in Russia; energy production in Russia;
Summary/Abstract: On April 2, the Russian government adopted the Russian Federation's Energy Strategy until 2035. Is this is the third edition of the document adopted in the last two decades and at the same time the most synthetic. On the one hand, subsequent versions were intended to present the condition of the Russian the energy sector and its main challenges and, on the other hand, were a political signal for foreign partners, encouraging them to develop energy cooperation with Russia. The latest energy strategy was approved with a delay of six years, for which were influenced by both economic factors - dynamic changes in the energy markets - as well as political - Russia's conflict with the West in connection with the aggression against Ukraine or the growing instability in the Middle East. The new strategy articulates the challenges more clearly than the previous ones internal and external facing the national energy sector. It is also new a closer alignment of energy policy objectives with the priorities set by Vladimir Putin under the so-called May decrees, adopted after the 2018 presidential election The document is also an illustration of the current balance of power in the Russian energy sector, he points out on the growing importance of Novatek and the LNG projects developed by the concern, while at the same time maintaining Gazprom's privileges (maintaining a monopoly on gas exports via the pipeline system). At the same time, the document indicates the limited possibilities of strengthening the position of others, less influential market participants. Although the assumptions of the new strategy are more realistic than the indicators projected in its previous version, however, they still have very ambitious shape (especially in relation to exports of coal, oil and gas). So there are serious ones doubts as to whether, in the face of the dynamically changing situation on the energy markets, no they will become obsolete in the next few months.

  • Page Count: 5
  • Publication Year: 2020
  • Language: Polish