The IEA and the Russian Federation long-standing co-operation dates back to 1994, addressing the shared objectives of improving global energy security. Co-operation between the IEA and Russia covers a large range of areas, such as energy security, energy efficiency, energy statistics, energy policy reviews, energy technologies. Relations involve a broad range of public and private stakeholders in Russia.
A milestone was recently achieved with the launch in June 2014 of the Russia 2014 Energy Policy Review in Russian and English languages. This review analyses the energy policy challenges facing Russia and provides critiques and recommendation for further policy improvements. It is intended to help guide the country towards a more sustainable energy future.
Russia maintains its position as one of the most important energy players globally, continuing its essential role in global energy supply and holds among the world’s largest resources of gas, oil and coal. Its liquids production has reached historical highs in 2014, yet major additional upstream investments and technology upgrades will be needed to sustain these levels in the medium to long term.
The modernisation of Russian energy sector depends to a large extent on energy efficiency deployment and infrastructure investments especially in the industrial, residential, transport sectors as well as the district heating and power generation sectors. In addition, the carbon intensity of the Russian economy, measured as carbon dioxide (CO2) emissions per real gross domestic product (GDP), is 60% higher than the average of IEA member countries. There is much scope to limit CO2 emissions.
The IEA and Russia see further co-operation perspectives, notably in the fields of energy efficiency and clean coal technologies and welcome opportunities for a dialogue on energy market developments. Photo: © Shutterstock.com