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Article

Energy sector of Russia and Siberia: problems and prospects

Journal of Physics: Conference Series. 2019. Vol. 1261. P. 1-6.
Krukov V. A., Suslov N., Markova V., Churashev V.

The energy sector of Russia is one of the most potent in the world - it is the second in extraction of oil and gas, the third for total output of fuel and energy resources. While exporting nearly 45% of its total production of energy resources, Russia produces more energy per capita than most other countries - 5 times higher the global average and 3 times higher than the average level for OECD countries. The energy sector of Siberia represents the crucial part of the country's energy sector. Over decades, the energy resources of the region massively contributed to the Russian federal budget and brought in a major part of hard currency from export trade. In the current conditions of existing geopolitical challenges and expected global demand for energy resources, it is much more of a priority for Russia not to raise the output of fuel and energy resources but to improve the overall quality and reliability of the whole energy supply system, increase the depth of mineral fuel, including solid fuel and waste recycling.