Russia’s energy sector is diverse and includes significant outputs of global oil, gas, coal, nuclear and other energy resources. Russian energy sector has focused on stabilizing production and redirecting exports to Asian markets while navigating tightened Western sanctions, while increasing exports of NPP technologies. Explore investment and partnership opportunities in Russia’s vast energy sector. Get the latest analysis on oil, gas, and renewable projects. Key intelligence for global energy businesses and investors.
Russia has agreed to extend a gas supply contract with Serbia ‘on favourable terms’ following conversations between the Russian and Serbian Presidents. The existing contract was due to expire on March 31. Alternative energy supplies to Serbia have significantly dropped since the Iran conflict began, however Belgrade has a good relationship with Moscow meaning it can mitigate against these problems.
Russia is discussing energy supplies with Sri Lanka, as the country looks to diversify away from an over-reliance on Middle Eastern import supply chains, to alternative suppliers and developing its renewables sector. Sri Lanka has introduced restrictions on energy use in recent weeks due to problems with imports due from Iran.
Russia’s Novatek is to supply LNG to Vietnam with initial deliveries of 1 million tonnes. The two sides are also looking at collaborating in numerous other energy fields as Asian supply chains add alternatives to relying wholly on Middle East resources.
Russia and Vietnam have agreed several new oil and gas development deals including Joint Ventures in each others countries. Russian investors are also eying Vietnamese oil fields and refining facilities in the South China Sea.
Russia’s Energy Minister, Sergei Tsivilev has stated that Russia has enough oil and gas supplies to meet its own needs, fulfill outstanding contracts, and supply all countries who ask for deliveries. He said ‘a profound transformation is happening, even in mindsets’ as regards global energy supplies and Western sanctions policies.
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Russia has invited scientists from ‘friendly countries’ to participate in nuclear energy research at the world’s largest such facility, RIAR in Dimitrovgrad. This excludes European scientists. We examine the differences between Russia and Europe’s nuclear power generation capabilities, the reasons for this exclusion and Rosatom’s developing plans for expanding nuclear energy use on an international basis.
Russia’s Uranium One Group (part of TENEX, a Rosatom subsidiary) and Brazil’s NBEPar have signed an agreement to establish a joint venture in Brazil. Part of the new companies remit will be to assess and develop uranium deposits in the country with an additional view of developing Brazil’s nuclear energy sector.
Russia and Vietnam have signed Nuclear Energy Agreements that pave the way for the development of a NPP in Vietnam. The agreement provides for the construction of a 2,400 MW NPP, and regulates the terms and key areas of cooperation between the parties in implementing the project. It sets up the necessary legal framework for the plant’s construction and will determine the course of Russian-Vietnamese nuclear cooperation for decades to come.
Rosatom have begun work on Kazakhstan’s first Nuclear Power Plant and is looking to expand cooperation with other international partners in Kazakhstan’s growing nuclear energy industry. The country possesses significant uranium reserves.
Russia’s Rosatom nuclear energy company have begun pouring concrete as part of the initial construction process for Uzbekistan’s NPP in the Jizzakh region. It is part of the construction of a small nuclear power plant unit with a RITM-200N reactor and is expected to provide about 14% of Uzbekistan’s total energy needs.
The crisis in the Middle East is drastically affecting Russian oil prices and creating fluctuations in the value of the Ruble. We examine the implications, how the Russian government is benefiting, while at the same time being cautious and managing the situation. We provide analysis of how these issues can be expected to impact the Russian economy and the Russian domestic consumer over the course of this year.
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