7 Jun 2021 13:21

Russian govt approves plan to implement energy strategy for next 15 years

MOSCOW. June 7 (Interfax) - The Russian government has approved the plan to implement the country's energy strategy for the next 15 years, Prime Minister Mikhail Mishustin said during a meeting with his deputy ministers.

"The government has approved the plan to implement the energy strategy for the next 15 years, having prepared it by taking into account the instructions of President Vladimir Putin. The plan includes more than 130 areas that encompass all spheres of our fuel and energy complex, from resource extraction to supplying residential buildings with electricity and heat," Mishustin said.

The prime minister said that each task has its own set of measures.

"Among these are boosting output of liquefied natural gas to 140 million tonnes, and establishing centers to transship, store and trade the LNG; opening low-carbon hydrogen-production sites; developing infrastructure to charge autos; as well as being involved in developing hard-to-recover oil and gas reserves. The major part of the measures are to be implemented in the next year and a half," Mishustin said.

"We are counting on the strategy already in the medium term allowing us to resolve a number of important tasks in order to develop the country. Namely, to boost output of oil and gas condensate in East Siberia, the Far East, and the Arctic zone, as well as to increase LNG production significantly; to raise the share of our own or localized advanced technological equipment, and to expand substantially the volume of exports to the countries of the Asia-Pacific region. Particular attention is being paid to forming a common energy market of the Eurasian Economic Union and to ensuring the competitive participation of Russian business there. The plan includes the corresponding measures in this direction," the prime minister added.