Economic 360 for Russia: Growth Prospects and Emerging Opportunities in the Energy Industry

• Publication date: December 2010

Russia shows immense promise in the development of the energy industry. The Russian economy is on a rebound from the latest global crisis. The various reforms launched by the Government aim at improving business climate, regulations and strengthening cooperation with developed countries to diversify and modernize petroleum based production. Russia is an energy superpower with large untapped potential of oil, gas, coal and, renewable energy resour...

Russia shows immense promise in the development of the energy industry. The Russian economy is on a rebound from the latest global crisis. The various reforms launched by the Government aim at improving business climate, regulations and strengthening cooperation with developed countries to diversify and modernize petroleum based production. Russia is an energy superpower with large untapped potential of oil, gas, coal and, renewable energy resources and is one of the largest producers and exporters of oil, gas and coal. Renewable energy and nuclear energy are also dominant in the energy mix. Oil refining, clean technologies and services related to energy infrastructure are noteworthy opportunities.

Energy Industry in Russian Federation

Table of Contents

Executive Summary 10
Political Analysis 13
Economic Analysis 28
Social Analysis 51
Technological Analysis 60
Legal Analysis 67
Environmental Analysis 71
Energy Industry Overview 76
Oil and Gas Market 82
Coal Market 87
Renewable Energy Market 89
Nuclear Energy Market 94
Electricity Market 96
Growth Prospects and Emerging Opportunities 101


List of Figures
Economic 360 Perspective: Key Features of Political Structure (Russia), 2010 14
Economic 360 Perspective: Key Political Trends (Russia), 2010 17
Economic 360 Perspective: Key Foreign Relations (Russia), 2010 18
Economic 360 Perspective: Major Trade Partners (Russia) , 2009 24
Economic 360 Perspective: Future Political Trends (Russia), 2010 25
Economic 360 Perspective: Key Energy Policy Issues (Russia), 2010 26
Economic 360 Perspective: Key Drivers of Economic Growth (Russia), 2011-2014 33
Economic 360 Perspective: Key Macroeconomic Indicators (Russia), 2008-2015 34
Economic 360 Perspective: WTO Ranking (Russia), 2009 38
Economic 360 Perspective: Trade Strategy (Russia), 2010-2020 39
Economic 360 Perspective: Key Drivers of Investments (Russia), 2011-2014 45
Economic 360 Perspective: Map of Selected Locations for Doing Business (Russia), 2009 46
Economic 360 Perspective: Map of Russian Districts (Russia), 2010 47
Economic 360 Perspective: Russia in Selected International Ranking (Russia), 2009 and 2010 49
Economic 360 Perspective: Alcohol -Attributable Deaths (World), 2004 54
Economic 360 Perspective: HDI Diversification (Russia), 2006 56
Economic 360 Perspective: HDI World Map (World), 2007 56
Economic 360 Perspective: Concept for Demographic Policy (Russia), 2007-2025 57
Economic 360 Perspective: Technological Clusters (Russia), 2010 64
Economic 360 Perspective: Global Energy Trends (Russia), 2010-2020 66
Economic 360 Perspective: Energy Market Regulatory Framework Overview (Russia), 2010 70
Economic 360 Perspective: Environmental Related Issues (Russia), 2010 72
Economic 360 Perspective: Environmental Concerns (Russia), 2009 73
Economic 360 Perspective: Map of Key Environmental Problems (Russia), 2010 74
Economic 360 Perspective: Key Oil and Gas Reserves (Russia), 2009 75
Energy Industry: Industry Segmentation (Russia), 2010 77
Energy Industry: Timeline of Energy Strategy (Russia), 2009-2030 78
Energy Industry: Map of Pipeline Network (Russia), 2010 80
Energy Industry: Market Drivers and Restraints of Energy Industry Development (Russia), 2011-2014 81
Energy Industry: Comparison of Installed Capacity (Russia), 2008 93
Energy Industry: Wholesale Market and End-User Groups (Russia), 2009 100
Energy Industry: Major Trends in Power Consumption (Russia), 2009 100
Energy Industry: SWOT Analysis for Energy Industry (Russia), 2010 103


List of Charts
Economic 360 Perspective: Correlation of Economic Growth with Average Prices of Oil Basket (Russia), 2003- 2010 30
Economic 360 Perspective: Fund Allocation of Stimulus (Russia), 2008-2009 31
Economic 360 Perspective: Share in GDP by Economic Activity (Russia), 2009 36
Economic 360 Perspective: Composition of Total Exports (Russia), 2009 37
Economic 360 Perspective: Composition of Total Imports (Russia), 2009 37
Economic 360 Perspective: Value of Exports, Imports and Current Account Balance (Russia), 2006-2009 38
Economic 360 Perspective: Percentage Breakdown of Governmental Expenditures (Russia), 2009 40
Economic 360 Perspective: High Interest Rates (Russia), 2004- 2010 42
Economic 360 Perspective: Expansive Federal Expenditures (Russia), 2004- 2010 42
Economic 360 Perspective: Fluctuations of RTS Index (Russia), 2008-2009 43
Economic 360 Perspective: FDI Inflows and Outflows (Russia), 2004-2009 44
Economic 360 Perspective: Comparison of FDI Inflow (Russia), 2008j and 2009 44
Economic 360 Perspective: Comparison of Global Competitiveness Index (GCI) Scores
with Four BRIC Economies (Russia), 2009 48
Economic 360 Perspective: Net Reproduction Rate (Russia), 1960-2014 52
Economic 360 Perspective: Decline in Population (Russia),1990-2040 53
Economic 360 Perspective: HDI (Russia), 2005- 2010 56
Economic 360 Perspective: Unemployment (Russia), 2005-2011 58
Economic 360 Perspective: Expenditures on R&D (Russia), 2000- 2010 61
Economic 360 Perspective: Number of Claims and Issued Patents (Russia), 2004- 2010 62
Energy Industry: Industry Energy Consumption by Primary Energy Source (Russia), 2009 77
Energy Industry: Oil Production and Consumption (Russia), 2004-2014 83
Energy Industry: Key Competitors in the Oil Production –Upstream Market (Russia), 2008 84
Energy Industry: Key Competitors in the Oil Refining –Downstream Market (Russia), 2008 84
Energy Industry: Gas Production and Consumption (Russia), 2004-2014 85
Energy Industry: Key Competitors in the Gas Production Market (Russia), 2010 86
Energy Industry: Coal Production and Consumption (Russia), 2004-2014 88
Energy Industry: Hydro Energy Consumption (Russia), 2004-2014 92
Energy Industry: Nuclear Energy Consumption (Russia), 2004-2014 95
Energy Industry: Electricity Generation (Russia), 2004-2014 97
Energy Industry: Key Competitors in Electricity Generation Market (Russia), 2008 98
Energy Industry: Key Competitors in Electricity Installed Capacity Market (Russia), 2008 98

Electricity Generation in Russian Federation

Russia Generation, Thermal, Twh

• $ 250
• Industry data
• February 2013

Yearly, From 1992 To 2021
By Business Monitor International
Source: EIA

• Industries : Electric Power Energy
• Countries : Russian Federation

Russia Generation, Thermal, Kwh Per Capita

• $ 250
• Industry data
• February 2013

Yearly, From 1992 To 2021
By Business Monitor International
Source: EIA/BMI Calculation

• Industries : Electric Power Energy
• Countries : Russian Federation

Russia Generation, Coal, % Change Y-o-y

• $ 250
• Industry data
• February 2013

Yearly, From 1993 To 2021
By Business Monitor International
Source: EIA/World Bank/BMI Calculation

• Industries : Electric Power Energy
• Countries : Russian Federation

Russia Generation, Coal, % Of Total Thermal Electricity Generation

• $ 250
• Industry data
• February 2013

Yearly, From 1992 To 2021
By Business Monitor International
Source: EIA/World Bank/BMI Calculation

• Industries : Electric Power Energy
• Countries : Russian Federation

Russia Generation, Natural Gas, % Y-o-y

• $ 250
• Industry data
• February 2013

Yearly, From 1993 To 2021
By Business Monitor International
Source: EIA/World Bank/BMI Calculation

• Industries : Electric Power Energy
• Countries : Russian Federation

Energy in Russian Federation

Russia Capacity, Biomass, Mw

• $ 250
• Industry data
• February 2013

Yearly, From 2011 To 2021
By Business Monitor International
Source: EIA

• Industries : Energy
• Countries : Russian Federation

Russia Capacity, Biomass, % Y-o-y

• $ 250
• Industry data
• February 2013

Yearly, From 2012 To 2021
By Business Monitor International
Source: EIA/BMI Calculation

• Industries : Energy
• Countries : Russian Federation

Russia Gasoil/diesel, Global Average, Us$/bbl

• $ 250
• Industry data
• February 2013

Yearly, From 2003 To 2021
By Business Monitor International
Source: BMI

• Industries : Energy
• Countries : Russian Federation

Russia Naphtha, Global Average, Us$/bbl

• $ 250
• Industry data
• February 2013

Yearly, From 1991 To 2021
By Business Monitor International
Source: BMI

• Industries : Energy
• Countries : Russian Federation

Russia Jet/kerosene, New York, Us$/bbl

• $ 250
• Industry data
• February 2013

Yearly, From 1990 To 2021
By Business Monitor International
Source: BMI

• Industries : Energy
• Countries : United States, Russian Federation