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Strategic Development Outlook for the Energy Complex of Russia

Author

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  • A. A. Makarov

    (Russian Academy of Sciences (ERI RAS))

  • T. A. Mitrova

    (Russian Academy of Sciences (ERI RAS))

Abstract

The article discusses the long-term development of the energy complex and its role in the Russian economy in the context of the restructuring of world energy markets and considering the draft Energy Strategy of the Russian Federation for the period through to 2035. Using the SCANER modelling and information complex, representative scenarios for the evolution of world energy markets have been developed, as well as relevant scenarios for the development of Russia’s economy and energy, including the dynamics of domestic consumption of major fuels and energy in view of energy conservation, as well as effective volumes and directions of basic fuel exports. Based on this, the dynamics of extraction and processing of basic fuels, the use of renewable energy resources, and electricity production by various types of power plants are optimized, and the necessary capital investments and returns on the dynamics of domestic prices for fuel and energy are determined. Changes in the main macroeconomic indicators of the contribution of the energy complex to the development of the Russian economy, corresponding to these scenarios, indicate a possible relatively rapid decrease in its dependence on energy exports.

Suggested Citation

  • A. A. Makarov & T. A. Mitrova, 2018. "Strategic Development Outlook for the Energy Complex of Russia," Studies on Russian Economic Development, Springer, vol. 29(5), pages 514-526, September.
    • Handle: RePEc:spr:sorede:v:29:y:2018:i:5:d:10.1134_s1075700718050106
    DOI: 10.1134/S1075700718050106
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    References listed on IDEAS

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    1. V. V. Ivanter, 2017. "Structural and investment policy as an instrument for modernizing the Russian economy," Studies on Russian Economic Development, Springer, vol. 28(4), pages 364-372, July.
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    Cited by:

    1. Svetlana V. Ratner & Evgenii Yu. Khrustalev & Sergey N. Larin & Oleg E. Khrustalev, 2020. "Does the Development of Renewable Energy and Smart Grids Pose Risks for Russian Gas Projects? Scenario Forecast for Partner Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 286-293.
    2. V. K. Fal’tsman, 2020. "On Overcoming Russia’s Challenges," Studies on Russian Economic Development, Springer, vol. 31(1), pages 44-51, January.
    3. K. A. Karpov, 2019. "Development Trends of Global Energy Consumption," Studies on Russian Economic Development, Springer, vol. 30(1), pages 38-43, January.
    4. Svetlana Balashova & Svetlana Ratner & Konstantin Gomonov & Andrey Berezin, 2020. "Modeling Consumer and Industry Reaction to Renewable Support Schemes: Empirical Evidence from the USA and Applications for Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 158-167.
    5. Valeriy V. Iosifov & Pavel D. Ratner, 2021. "Climate Policies of G20 and New Threats for Russian Energy and Transportation Complex," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 478-486.

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