Russia’s Energy Strategy-2035: Struggling to Remain Relevant
Russia’s Energy Strategy to 2035 (ES-2035) enters, finally, the home stretch. The Ministry of Energy submitted its version of the document to the Russian Government in early October 2019.
Once approved (this is expected before year’s end), ES-2035 will become the best available indication of Russian energy policymakers’ plans. It therefore merits careful consideration. This paper reviews the key goals, scenarios and indicative ranges for output and consumption contained in ES-2035. It thus contributes to understanding the strategic compromises that Russia might be ready to take, as well as those that are unlikely to be acceptable. Our review of the draft ES-2035 suggests that it provides general guidelines to the future evolution of Russia’s energy sectors, but struggles to remain relevant amid fast-paced changes in the global markets. Several crucial but politically sensitive energy issues still need further clarification of policies: the future fiscal regime for oil and gas that could incentivize output and prevent production declines; industrial and technological policy; the choice of the future model for Russia’s gas industry and whether it is going to develop under continued state regulation or in the market environment; climate policy and the strategy to promote (or not) renewables and other technologies of energy transition; and the future of competition in wholesale and retail power markets.
Tatiana Mitrova is Director of the Energy Centre, Moscow School of Management SKOLKOVO and Head of the Research Division at the Energy Research Institute of the Russian Academy of Sciences.
Vitaly Yermakov is a Senior Research Fellow at the Oxford Institute for Energy Studies.
Available in:
Regions and themes
ISBN / ISSN
Share
Download the full analysis
This page contains only a summary of our work. If you would like to have access to all the information from our research on the subject, you can download the full version in PDF format.
Russia’s Energy Strategy-2035: Struggling to Remain Relevant
Author(s)
Related centers and programs
Discover our other research centers and programs
Russia/Eurasia Center
Founded in 2005 within Ifri, the Russia/Eurasia Center conducts research and organizes debates on Russia, Eastern Europe, Central Asia, and the South Caucasus. Its goal is to understand and anticipate the evolution of this complex and rapidly changing geographical area in order to enrich public discourse in France and Europe and to assist in strategic, political, and economic decision-making.
Find out more
Discover all our analyses
Moldova’s Foreign Policy after 2024 Presidential Elections: Staying on the EU Path, Moving Eastwards or Becoming Multi-vector?
The future of Moldova’s foreign agenda will undergo a stress test during the upcoming presidential elections on October 20, 2024.
Russian Strategic Thinking and Culture Before and After February 24, 2022: Political-Strategic Aspects
Written by Dimitri Minic, the scientific article "Russian Strategic Thinking and Culture Before and After February 24, 2022: Political-Strategic Aspects" in Russia’s war against Ukraine: Complexity of Contemporary Clausewitzian War by the National Defence University Department of Warfare, Helsinki 2024.
Russia and the New BRICS Countries: Potentials and Limitations of a Scientific and Technological Cooperation
At the fifteenth BRICS summit, held in Johannesburg, South Africa, from August 22 to 24, 2023, a resolution was adopted to extend an invitation to six new countries to join the organization: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE). All of these countries except Argentina duly became members of BRICS in 2024, with the expanded group known as BRICS+. In addition to the political and economic advantages, it is assumed that the incorporation of these new countries could potentially facilitate their scientific and technological development.
The South Caucasus: A New Strategic Space?
The states of the South Caucasus are trying to find their footing in an increasingly fragmented international landscape.