21.2.3

Energy & Sustainability in Russia

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Energy and Sustainability in Russia

Russia produces a lot of oil and gas, and is one of the world's largest energy consumers.

Energy production and consumption

Energy production and consumption

  • Russia is one of the largest oil and gas exporters in the world.
  • Oil production accounts for 12% of the world’s total production.
  • Alongside being one of the key energy producers, Russia is the 4th largest energy consumer behind China, the USA and India.
Oil

Oil

  • The region of West Siberia is key oil-producing region.
  • West Siberia contributes 4.8 million barrels per day of liquid production.
  • Samotlor field is one of the oldest oil-producing fields.
Renewable energy

Renewable energy

  • In recent years Russia has been developing its production of energy by renewable resources through foreign-direct investment (FDI).
  • The government have targeted 4.5% of energy production to be produced from renewable sources by 2024.
  • Some of the key projects have included developing hydroelectricity.
    • E.g. Several plants operate in southern Siberia.
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