Innovation and modernization of the Russian energy sector
Russian energy sector is suffering from the economic, financial, and political sanctions imposed by the United States and the European Union. These sanctions have prevented Russia from accessing oil and gas resources and from exporting natural gas. Low oil prices, combined with sanctions against Rus...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2021-01-01
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| Series: | SHS Web of Conferences |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2021/39/shsconf_ifsdr2021_02003.pdf |
| _version_ | 1798014644741210112 |
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| author | Strielkowski Wadim Rausser Gordon Takhumova Oksana |
| author_facet | Strielkowski Wadim Rausser Gordon Takhumova Oksana |
| author_sort | Strielkowski Wadim |
| collection | DOAJ |
| description | Russian energy sector is suffering from the economic, financial, and political sanctions imposed by the United States and the European Union. These sanctions have prevented Russia from accessing oil and gas resources and from exporting natural gas. Low oil prices, combined with sanctions against Russia, can be blamed as a possible cause of Russia’s collapse as an energy producer and consumer. However, the country is struggling to modernize its energy balance. Specifically, Russia’s major modernisation efforts have focused on the energy sector and related industries and services. In support of economic growth and social development, the 2003 Energy Strategy made substantial investments in energy infrastructure, such as the construction of new power stations, transmission lines and power plants. This paper focuses on the recent innovation and modernization trends of the Russian energy sector. It discusses the history and the developments in this sector up to this day, provides some insights into modernization efforts of the sector and describes the perspectives for the deployment of the renewable energy sources. |
| first_indexed | 2024-04-11T15:21:45Z |
| format | Article |
| id | doaj.art-bb5202b44ace427b82aebc27ccc54f2e |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-04-11T15:21:45Z |
| publishDate | 2021-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-bb5202b44ace427b82aebc27ccc54f2e2022-12-22T04:16:21ZengEDP SciencesSHS Web of Conferences2261-24242021-01-011280200310.1051/shsconf/202112802003shsconf_ifsdr2021_02003Innovation and modernization of the Russian energy sectorStrielkowski WadimRausser Gordon0Takhumova Oksana1Department of Agricultural and Resource Economics, University of CaliforniaFederal State Budgetary Educational Institution of Higher Education “Kuban State Agrarian University named after I. T. Trubilin”Russian energy sector is suffering from the economic, financial, and political sanctions imposed by the United States and the European Union. These sanctions have prevented Russia from accessing oil and gas resources and from exporting natural gas. Low oil prices, combined with sanctions against Russia, can be blamed as a possible cause of Russia’s collapse as an energy producer and consumer. However, the country is struggling to modernize its energy balance. Specifically, Russia’s major modernisation efforts have focused on the energy sector and related industries and services. In support of economic growth and social development, the 2003 Energy Strategy made substantial investments in energy infrastructure, such as the construction of new power stations, transmission lines and power plants. This paper focuses on the recent innovation and modernization trends of the Russian energy sector. It discusses the history and the developments in this sector up to this day, provides some insights into modernization efforts of the sector and describes the perspectives for the deployment of the renewable energy sources.https://www.shs-conferences.org/articles/shsconf/pdf/2021/39/shsconf_ifsdr2021_02003.pdf |
| spellingShingle | Strielkowski Wadim Rausser Gordon Takhumova Oksana Innovation and modernization of the Russian energy sector SHS Web of Conferences |
| title | Innovation and modernization of the Russian energy sector |
| title_full | Innovation and modernization of the Russian energy sector |
| title_fullStr | Innovation and modernization of the Russian energy sector |
| title_full_unstemmed | Innovation and modernization of the Russian energy sector |
| title_short | Innovation and modernization of the Russian energy sector |
| title_sort | innovation and modernization of the russian energy sector |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2021/39/shsconf_ifsdr2021_02003.pdf |
| work_keys_str_mv | AT strielkowskiwadim innovationandmodernizationoftherussianenergysector AT raussergordon innovationandmodernizationoftherussianenergysector AT takhumovaoksana innovationandmodernizationoftherussianenergysector |