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One of the key sectors of the Russian economy: achievements in the energy sector were discussed at the exposition

One of the key sectors of the Russian economy: achievements in the energy sector were discussed at the exposition
Photo: Grigory Sysoev/RIA News
20.02.2024

The plenary session "Leadership and Sustainability of the Russian Energy Sector" was held at the RUSSIA EXPO. It opened the thematic day of the National Achievements Forum.

Today, the energy sector is one of the key sectors of the Russian economy, and over the past 20 years it has made a huge leap in its development, said Alexander Novak, Deputy Prime Minister of Russia.

"Such economic growth was achieved due to the personal attention of Russian President Vladimir Putin. This has allowed the industry to reach its maximum performance over the past 20 years. The industry holds about 20% of GDP in the Russian economy. It is responsible for about 60% of exports, as well as about 30% of federal budget revenues," Alexander Novak said.

The biggest part of the fuel and energy complex is oil - Russia accounts for 10% of its global production. About two thousand fields are being developed in the country. At the same time, it is now becoming more difficult to get oil - in this regard, the Russian Government supports the industry, said the Deputy Prime Minister - in particular, it provides assistance in the development of offshore deposits and production in Eastern Siberia. The development of new fields entails the development of the industry as a whole, including oil refining. Now Russia is facing the task of achieving technological sovereignty in the oil industry, Alexander Novak noted.

Photo: Grigory Sysoev/RIA News

Natural gas plays an equally important role for the country. Russia is the second largest producer and exporter of this resource in the world. Now one of the priorities is to connect the unified gas supply system with the eastern one - this is a grand historical task, the Deputy Prime Minister emphasized.

"This will increase the reliability and efficiency of the industry, involve new fields in development - and thus ensure further gasification," Alexander Novak said.

Another direction is the production of liquefied natural gas (LNG). Russia has moved from zero to the fourth place in the world in this market, said the Deputy Prime Minister. Its production amounts to 31.5 million tons.

"The President has set a task to ensure that by 2035 we reach the indicators of at least one hundred million tons of liquefied natural gas production. This is an ambitious task, and for its realization it is necessary to develop clusters of LNG production. These are the Yamal, Sakhalin and Baltic clusters. Our task is to occupy at least 15-20% of the global LNG market," said Alexander Novak.

In addition to working on the global markets, Russia is going to become one of the most gasified countries in the world, said the Deputy Prime Minister. Now the level of gasification is 73.8%. It is planned to increase it to 83% by 2030.

In addition, coal production remains in demand in Russia. Despite all forecasts, this hydrocarbon now accounts for 30% of the global energy balance. Russia ranks fifth in coal production - in 2023 the volume amounted to 438 million tons. More than half of the volume falls on the Kemerovo region - Kuzbass. At the same time, new centers are being developed - for example, in the Far East and Siberia.

"A coal industry development program has been approved. One of its main directions is the development of modern coal mining technologies. A modern coal mine is actually a factory underground: highly mechanized, highly productive, with modern technologies. Our coal industry will continue to develop in this direction. The key to success is modern technologies and development of coal chemistry," Alexander Novak emphasized.

Photo: Grigory Sysoev/RIA News

Electricity accounts for the major part of Russia's fuel and energy complex. One and a half million people are involved in the industry - half of those employed in the energy sector. The capacity of the system is about 255 thousand megawatts. At the same time, 86% of energy sources are clean, which is more than the world average. Now the additional demand is about 4 thousand megawatts.

"We are talking about the construction of new generation facilities in the Krasnodar region, Crimea, Siberia and the Far East. This will ensure connection of new consumers and development of the country's economic potential," the Deputy Prime Minister said.

He dwelt separately on oil and gas chemistry, noting that the industry continues to grow and Russia is becoming an exporter in this area.

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