Energy fact sheet on Russia

Russia is a great energy power, due to its natural resources. The Russian Federation has abundant oil and natural gas reserves. Coal production has a relevant role, positioning the country at the sixth place in world coal production. In 2009,  Russia surpassed Saudi Arabia and became the largest world producer of crude oil, but for Moscow, energy means natural gas. The country has the world's largest natural gas reserves (1,680 tcf).

After the collapse of the USSR, Russian oil and gas industrial sectors were totally reformed and Russia has become progressively conservative in its constitutional and legislative clauses regarding the use of subsoil resources. In 2009, the Russian government approved the “Russian energy strategy for the period up to 2030”. It aimed to maximize the use of natural energy resources and the potential of the energy sector to sustain economic recovery and growth. The starting point of the 2009 Federal Law "On energy saving and energy efficiency increase" is the creation of legislative, economic and organizational stimulus for energy saving and energy efficiency.

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Timestamp: 201111291849