Russia adjusts energy strategy

Russia adjusts energy strategy

“We are correcting our energy strategy of Russia with its extension until 2035. And the eastern vector of our energy policy, which was originally formed over 10 years ago, will be further developed,” said Russian Deputy Minister for Energy Anatoly Yanovsky at a Russian-Chinese forum on energy investments. Yanovsky reminded that $2.5 trillion will need to be spent on realization of energy strategies in the next 20-25 years.

The strategy is still being adjusted. A supplement on switching from a resource model to a resource-innovative economic model has been given a supplement to stimulate the Russian economy as a whole.

Academician Anatoly Dmitriyevsky, the director of the RAS Institute for Oil and Gas Problems, noted that problems in the Russian economy started in 2013, when the GDP growth forecasts were lowered from 4.85 to 0.5%. According to Dmitriyevsky, the strategy focused on a sector sensitive to innovations and ready for a quick payoff.

The academician suggested the oil and gas complex were such a sector: “We are offering use of the natural advantages of our country. The oil and gas complex has many such benefits: firstly, it is the world’s most powerful raw base; secondly, they are formed infrastructures ready for mass oil and gas extraction and development of high technologies, they are highly-skilled staff and – most importantly – it is the fastest payoff from invested material resources.”

Dmitiyevsky is adamant that financial resources invested in development of certain sectors could have an effect in just a year.

In his words, the RAS foresaw hard times for Russia and prepared a plan for mass implementation of innovative technologies. “The variant of the resource-innovative model for development of the economy of Russia will allow it to gain scale and financial resources. There are new technologies, new machinery, new equipment. Innovative technologies will make adjacent enterprises, the oil and gas complex itself, switch to production of the equipment, we do not manufacture it at the moment. In other words, it will bring modernization of enterprises involved in the process. New super-quality jobs will appear there because our technologies are sometimes associated with high fundamental research. The modernization will follow innovative chains that will be set by the technologies we will be implementing. It will naturally bring a re-industrialization of the economy, and mass financial resources will support innovative processes, in non-raw material sectors of the economy too. Thus, we will not only – as I hope – reach an effective oil and gas complex, but also effective development of the economy.”

Anatoly Dmitriyevsky: “Scientists have foreseen hard times for Russian economy”“We are correcting our energy strategy of Russia with its extension until 2035. And the eastern vector of our energy policy, which was originally formed over 10 years ago, will be further developed,” said Russian Deputy Minister for Energy Anatoly Yanovsky at a Russian-Chinese forum on energy investments. Yanovsky reminded that $2.5 trillion will need to be spent on realization of energy strategies in the next 20-25 years.The strategy is still being adjusted. A supplement on switching from a resource model to a resource-innovative economic model has been given a supplement to stimulate the Russian economy as a whole.Academician Anatoly Dmitriyevsky, the director of the RAS Institute for Oil and Gas Problems, noted that problems in the Russian economy started in 2013, when the GDP growth forecasts were lowered from 4.85 to 0.5%. According to Dmitriyevsky, the strategy focused on a sector sensitive to innovations and ready for a quick payoff.The academician suggested the oil and gas complex were such a sector: “We are offering use of the natural advantages of our country. The oil and gas complex has many such benefits: firstly, it is the world’s most powerful raw base; secondly, they are formed infrastructures ready for mass oil and gas extraction and development of high technologies, they are highly-skilled staff and – most importantly – it is the fastest payoff from invested material resources.”Dmitiyevsky is adamant that financial resources invested in development of certain sectors could have an effect in just a year.In his words, the RAS foresaw hard times for Russia and prepared a plan for mass implementation of innovative technologies. “The variant of the resource-innovative model for development of the economy of Russia will allow it to gain scale and financial resources. There are new technologies, new machinery, new equipment. Innovative technologies will make adjacent enterprises, the oil and gas complex itself, switch to production of the equipment, we do not manufacture it at the moment. In other words, it will bring modernization of enterprises involved in the process. New super-quality jobs will appear there because our technologies are sometimes associated with high fundamental research. The modernization will follow innovative chains that will be set by the technologies we will be implementing. It will naturally bring a re-industrialization of the economy, and mass financial resources will support innovative processes, in non-raw material sectors of the economy too. Thus, we will not only – as I hope – reach an effective oil and gas complex, but also effective development of the econo
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