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Long-Term Prospects for the Development Energy Complex of Russia

Author

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  • Artur Meynkhard

    (Financial University under the Government of the Russian Federation, Moscow, Russia.)

Abstract

The article discusses the long-term prospects for the development of the energy complex and its role in the Russian economy in the context of the restructuring of world energy markets and taking into account the draft Energy Strategy of the Russian Federation for the period up to 2035. Using the SCANER information complex, scenarios for the evolution of world energy markets and the corresponding scenarios for the development of the Russian economy and energy have been developed. The dynamics of domestic consumption of the main types of fuel and energy is analyzed taking into account energy conservation, as well as the effective size and direction of export of the main types of fuel. On this basis, the dynamics of the extraction and processing of the main types of fuel, the use of renewable energy resources and the production of electricity by different types of power plants were optimized, the sizes of capital investments necessary for this and the return on the dynamics of domestic prices for fuel and energy were determined. Corresponding to these scenarios, changes in the main macro-indicators of the contribution of the energy complex to the development of the Russian economy indicate the possibility of a relatively rapid reduction in its dependence on energy exports.

Suggested Citation

  • Artur Meynkhard, 2020. "Long-Term Prospects for the Development Energy Complex of Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 224-232.
    • Handle: RePEc:eco:journ2:2020-03-28
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    References listed on IDEAS

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    1. Bansal, Ankit & Illukpitiya, Prabodh & Singh, Surendra P. & Tegegne, Fisseha, 2013. "Economic competitiveness of ethanol production from cellulosic feedstock in Tennessee," Renewable Energy, Elsevier, vol. 59(C), pages 53-57.
    2. Jaehyung An & Mikhail Dorofeev & Shouxian Zhu, 2020. "Development of Energy Cooperation between Russia and China," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 134-139.
    3. Jo o Marcos Mott Pavanelli & Alexandre Toshiro Igari, 2019. "Institutional Reproduction and Change: An Analytical Framework for Brazilian Electricity Generation Choices," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 252-263.
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    Cited by:

    1. Smirnova, Elena & Kot, Sebastian & Kolpak, Eugeny & Shestak, Viktor, 2021. "Governmental support and renewable energy production: A cross-country review," Energy, Elsevier, vol. 230(C).
    2. Panagiotis Fragkos & Kostas Fragkiadakis & Leonidas Paroussos, 2021. "Reducing the Decarbonisation Cost Burden for EU Energy-Intensive Industries," Energies, MDPI, vol. 14(1), pages 1-23, January.
    3. Ricardo Faia & Tiago Pinto & Zita Vale & Juan Manuel Corchado, 2021. "Prosumer Community Portfolio Optimization via Aggregator: The Case of the Iberian Electricity Market and Portuguese Retail Market," Energies, MDPI, vol. 14(13), pages 1-20, June.
    4. Valeria Costantini & Valentina Morando & Christopher Olk & Luca Tausch, 2022. "Fuelling the Fire: Rethinking European Policy in Times of Energy and Climate Crises," Energies, MDPI, vol. 15(20), pages 1-18, October.

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    More about this item

    Keywords

    Energy export; energy efficiency; energy saving; energy security.;
    All these keywords.

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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