IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2020-03-28.html
   My bibliography  Save this article

Long-Term Prospects for the Development Energy Complex of Russia

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/9064/5017
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/9064/5017
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. 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.
    4. Jaehyung An & Alexey Mikhaylov & Nikita Moiseev, 2019. "Oil Price Predictors: Machine Learning Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 1-6.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Uyeh Daniel Dooyum & Alexey Mikhaylov & Igor Varyash, 2020. "Energy Security Concept in Russia and South Korea," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 102-107.
    2. Evgeniy Lopatin, 2020. "Cost of Heating Pump Systems in Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 219-223.
    3. Mikhail Bondarev, 2020. "Energy Consumption of Bitcoin Mining," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 525-529.
    4. Nikol Tryndina & Nikita Moiseev & Evgeniy Lopatin & Sergey Prosekov & Jiang Kejun, 2020. "Trends in Corporate Energy Strategy of Russian Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 202-207.
    5. Xenia Tabachkova & Sergey Prosekov & Natalia Sokolinskaya, 2020. "Energy System Structure in Russian Arctic: Coal Production Forecast," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 476-481.
    6. Fe Amor Parel Gudmundsson & Sergey Prosekov & Natalia Sokolinskaya & Sergey Tarakanov & Evgeniy Lopatin, 2020. "Factors of the Formation of Modern Energetic Reality in North Western Europe," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 539-544.
    7. 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.
    8. Thomas Burkhardt & Diana Stepanova & Leonid Ratkin & Ismail Ismailov & Oleg Lavrushin & Natalia Sokolinskaya & Mir Sayed Shah Danish & Tomonobu Senjyu & Serhat Yuksel & Hasan Dincer, 2021. "Introduction of Biofuels as a Way of Solving Ecological Problems," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 187-193.
    9. Schultz, Michael & Rosenow, Judith & Olive, Xavier, 2022. "Data-driven airport management enabled by operational milestones derived from ADS-B messages," Journal of Air Transport Management, Elsevier, vol. 99(C).
    10. Wadim Strielkowski & Anna Sherstobitova & Patrik Rovny & Tatiana Evteeva, 2021. "Increasing Energy Efficiency and Modernization of Energy Systems in Russia: A Review," Energies, MDPI, vol. 14(11), pages 1-19, May.
    11. Martin Johnsen & Oliver Brandt & Sergio Garrido & Francisco C. Pereira, 2020. "Population synthesis for urban resident modeling using deep generative models," Papers 2011.06851, arXiv.org.
    12. Artur Meynkhard, 2020. "Priorities of Russian Energy Policy in Russian-Chinese Relations," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 65-71.
    13. Tarkocin, Coskun & Donduran, Murat, 2024. "Constructing early warning indicators for banks using machine learning models," The North American Journal of Economics and Finance, Elsevier, vol. 69(PB).
    14. Hani Alshahrani & Noman Islam & Darakhshan Syed & Adel Sulaiman & Mana Saleh Al Reshan & Khairan Rajab & Asadullah Shaikh & Jaweed Shuja-Uddin & Aadar Soomro, 2023. "Sustainability in Blockchain: A Systematic Literature Review on Scalability and Power Consumption Issues," Energies, MDPI, vol. 16(3), pages 1-24, February.
    15. Alexey Mikhaylov, 2020. "Geothermal Energy Development in Iceland," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 31-35.
    16. 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.
    17. Krzysztof Drachal, 2022. "Forecasting the Crude Oil Spot Price with Bayesian Symbolic Regression," Energies, MDPI, vol. 16(1), pages 1-29, December.
    18. Pavel Baboshkin, 2020. "Strategic Energy Partnership between Russia and China," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 158-163.
    19. J. S. Wu & H. K. Tseng & J. C. Ferrell & X. Liu, 2017. "Transforming Waste Management Operations to Green Energy Initiatives: Opportunities and Challenges," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 50-57.
    20. Anton Lisin & Tomonobu Senjyu, 2021. "Renewable Energy Transition: Evidence from Spillover Effects in Exchange-Traded Funds," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 184-190.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2020-03-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.