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Russia adopts the final version of its new energy strategy to 2035

The Russian government has officially adopted its new energy strategy until 2035. The new text seeks to maximise the contribution of the hydrocarbon industry and to foster the energy security of the country. The country intends to improve the efficiency, reliability, accessibility and quality of energy supply (oil products, gas and electricity), to increase LNG production with the formation of a cluster on the Yamal and Gydan peninsulas, and to develop the production and consumption of hydrogen with the objective to make Russia a global leader in the field. The strategy also aims at developing gas infrastructure in Eastern Siberia and in the Russian Far East to integrate the country into a single gas supply system, and at boosting innovation in energy companies. Finally, it aims at introducing digital technologies in the energy sector (smart metering and smart grids).

The draft text was presented in April 2020. In March 2020, the Russian Ministry for Economic Development issued a draft plan for 2050, with estimates on greenhouse gas (GHG) emission levels and power development. Under the plan, GHG emissions by 2030 would be allowed to rise from 1.58 GtCO2 in 2017 to 2.08 GtCO2 (67% of 3.11 GtCO2 recorded 1990) and to 1.99 GtCO2 by 2050 (64% of 1990 levels). The new goal is more ambitious than the existing target proposed in 2015 to limit 2030 emissions to 75% of 1990 levels (2.33 GtCO2).

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