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Russian supplies to global energy markets
Assessing the impacts of Russia's invasion of Ukraine on global oil and natural gas markets and energy security As a major producer and exporter of both oil and natural gas, Russia has a significant role in global energy markets. Russia's invasion of Ukraine on 24 February 2022 has potentially serious implications for international energy security. For this reason, the IEA is providing factual and up-to-date information on Russia's oil and natural gas supplies.
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National Reliance on Russian Fossil Fuel Imports
How do countries rely on and consume Russian energy? Russia was the world’s largest fossil fuels exporter in 2021, and global energy markets have been thrown into turmoil by the country’s invasion of Ukraine, with major energy security and supply risks worldwide.The data visualisations included in this report lay out the reliance of various countries on Russian energy imports and how Russian oil, gas and coal imports are being used in different countries to power manufacturing, transportation, residences, and other services and sectors. In doing so, the report highlights which nations and sectors may be most vulnerable…
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A 10-Point Plan to Reduce the European Union’s Reliance on Russian Natural Gas
…of the solution, but even very rapid deployment will take time to make a major dent in demand for imported gas. The faster EU policy makers seek to move away from Russian gas supplies, the greater the potential implications in terms of economic costs and/or near-term emissions. Circumstances also vary widely across the EU, depending on geography and supply arrangements.Reducing reliance on Russian gas will not be simple, requiring a concerted and sustained policy effort across multiple sectors, alongside strong international dialogue on energy markets and security. There are multiple links between Europe’s policy choices and...
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Oil Market Report - March 2022
…following the invasion of Ukraine and as supply concerns mounted. Prices have eased again on economic concerns, surging Covid cases in China and traders reducing positions due to extreme volatility. At a crossroads Faced with what could turn into the biggest supply crisis in decades, global energy markets are at a crossroads. Russia’s invasion of Ukraine has brought energy security back to the forefront of political agendas as commodity prices surge to new heights. While it is still too early to know how events will unfold, the crisis may result in lasting changes to energy markets.The implications of…
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Energy Policies Beyond IEA Countries: Russia 2014
Russia’s energy sector plays an essential role for the Russian economy, its energy security and global hydrocarbon supplies. 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. Its gas production is also at high levels, with Gazprom being the dominant producer, and with other companies now taking significant roles. Since the last IEA review of Russia’s energy policies in 2002, the power sector has also liberalised considerably. The…
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Russia Energy Survey
…of the Russian Federation’s role as a key oil and gas exporter, the Russian energy sector is of key importance to the country’s economic success, as well as to world energy markets. Reforms are essential to enable Russia’s energy sector to keep pace with domestic energy demand growth in a period of strong GDP growth, while yet seizing export opportunities. Success will depend upon the creation of a stable and competitive investment environment, energy price reform, corporate transparency, dramatic improvement in energy efficiency and proper safeguards against the adverse environmental impacts from increased energy production and use.
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Renewables in Russia
From Opportunities to Reality Renewables in Russia Russia is rich not only in oil, gas and coal, but also in wind, hydro, geothermal, biomass and solar energy – the resources of renewable energy. However, fossil fuels dominate Russia’s current energy mix, while its abundant and diverse renewable energy resources play little role. What are the near- and medium-term opportunities for renewables in Russia?
This report demonstrates that renewable energy can offer a real means to address some of Russia’s energy and economic challenges. -
Optimising Russian Natural Gas
Reform and Climate Policy Optimising Russian Natural Gas The world’s largest gas producer and exporter, Russia has an enormous energy saving potential. At least 30 billion cubic meters – a fifth of Russian exports to European OECD countries -- could be saved every year by enhanced technology or energy efficiency. As the era of cheap gas in Russia comes to an end, this potential saving is increasingly important for Russians and importing countries. This book analyses and estimates the potential savings and the associated reductions in greenhouse gas emissions that could be achieved in the oil extraction (flaring), gas transmission and…
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Development of Energy Efficiency Indicators in Russia
Development of Energy Efficiency Indicators in Russia The key findings of the IEA work with the Russian Federation on developing energy efficiency indicators form the core of this report. Russia is sometimes referred to as “the Saudi Arabia of energy efficiency”; its vast potential to reduce energy consumption can be considered a significant energy reserve. Russia, recognising the benefits of more efficient use of energy, is taking measures to exploit this potential. The president has set the goal to reduce energy intensity by 40% between 2007 and 2020. In the past few years, the IEA has worked closely with Russian…
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Russian Electricity Reform
…attracting timely and appropriate investment will remain a substantial and ongoing challenge, which can most effectively be addressed through the creation of efficient electricity markets operating in response to genuine price signals, within a robust and predictable legal and regulatory framework. Only such markets, in which competition is based on transparent prices that accurately reflect costs, can deliver the efficient, reliable and internationally competitive performance needed to meet the government’s economic targets in the longer term. Such markets can attract the new investment that the industry will need, especially in order to ensure security of electricity supply beyond 2010.