Co-operation between the IEA and the Russian Federation dates back to 1994 and has addressed the shared objectives of improving global energy security. The long-standing co-operation covers a large range of areas, such as energy security, energy efficiency, energy statistics, energy policy reviews and energy technologies. Relations involve a broad range of public and private stakeholders in Russia.
A milestone was achieved with the launch in June 2014 of Energy Policies Beyond IEA Countries: Russia 2014, available for download in Russian and English versions. 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 world's most important energy players, continuing its essential role in global energy supply and holding among the world’s largest resources of gas, oil and coal. Its liquids production reached historical highs in 2014, but major additional upstream investments and technology upgrades will be needed to sustain these levels in the medium to long term.
The modernisation of the 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