Energy Policies Beyond IEA Countries: Russia 2014
Russia holds among the world’s largest resources of gas, oil and coal. Its liquids
production has reached historical highs, yet major additional upstream investments
and technology upgrades will be needed to sustain these levels in the long term. Since
the IEA’s last review of Russia’s energy policies in 2002, the power sector has also
liberalised considerably. However, the Russian economy remains largely inefficient,
with twice as much energy used per GDP compared with IEA member countries. Ambitious
energy efficiency policies have been introduced but have not led to significant improvements
so far. At the same time, the electricity and district heating infrastructure is ageing
and requires rapid investments. Russia’s overall energy sector would benefit considerably
from a more competitive, market-oriented environment.
While a number of policies aimed at modernising the energy sector and increasing its
efficiency and sustainability are being developed or implemented, further reforms
are needed. This review analyses the energy-policy challenges facing Russia and provides
critiques and recommendations for further policy improvements.
Published on June 16, 2014
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