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Manege Business Programme. Russia’s Fuel and Energy Industry: Development Strategy

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Russia’s Fuel and Energy Industry: Development Strategy

Large-scale Investment Projects in the Fuel and Energy Industry: The Engine of Regional Socioeconomic Development

The state is working with energy companies to ensure the sustainable socio-economic development of every Russian region. So-called ‘Anchor Settlements’, territories with the social and investment potential to attract migration and innovation, play an important role. At the same time, to avoid having them turn into mono-towns, we must develop master plans combining urban development policy, infrastructure priorities, and investment opportunities. Master plans make it possible to chart out a territory’s long-term development, reduce risks for investors, and ensure the transparency of decision-making. How do strategic planning and state regulation of territorial development affect the investment climate in Russia’s territories? How can we identify opportunities for growth in the economic and spatial development of territories to ensure the comfort of the urban environment and improve quality of life? Can the development of anchor settlements stem migration to larger metropolitan areas? What measures are needed? How can we ensure continuity between the master plan, general plans, and current legislation? What do companies expect from this tool?

Russia’s Fuel and Energy Industry: Development Strategy

Oilfield Services in Russia: How to Help the Industry Helper?

Oilfield services are among the most vulnerable segments of oil and gas production in the context of sanctions. This segment is the most dependent on falling oil prices, sanctions pressure, restrictions on access to technology, and increased technological competition. Nevertheless, amidst these difficult conditions, oilfield service companies have to keep up with progress. What is the future of oilfield service companies? Where is the limit in terms of their sustainability? What technological challenges do oilfield service companies face today? Do these industries need state support? How can we ensure the effectiveness of import substitution processes in the oilfield service business? How can we create competitive conditions amidst market restrictions?

Moderator:
Mikhail Gordin — Rector, Bauman Moscow State Technical University

Speaker:
Oleg Zhdaneev — Advisor General Director – Head of Import Substitution in Oil and Energy Complex Competence Center, Russian Energy Agency of the Ministry of Energy of the Russian Federation

Russia’s Fuel and Energy Industry: Development Strategy

HTR Reserves: Challenges, Trends, and Prospects for Russian Oil Production

According to Russian Ministry of Energy estimates, the oil rent for Western Siberian fields may drop from USD 47 to USD 6/barrel by 2050. The key challenge for oil production in Russia is an increase in the share of depleted and hard-to-recover reserves (over 58%) and the rising cost of crude production. Developing new methods to improve oil recovery and recovery efficiency will enable us to bring more than 5 billion tons of reserves into development. What awaits brownfield sites and HTR reserves while there are low prices and expensive recovery technologies? Is the industry ready to support and replicate such projects? How may we consolidate industry demand for enhanced oil recovery technologies, homegrown chemical agents, and specialized equipment? How can we ensure fair distribution of the tax burden on depleted fields and HTR reserves between business and the state? How may we establish technological exchange between companies from friendly countries in order to increase the capacity and efficiency of the exploitation of brownfield sites and HTR reserve production? How successful is the experience of taxation and financial support for companies working with such ‘tough’ projects, and what measures to optimize the tax system still need to be taken?

Moderator:
Alexandra Suvorova — Anchor, Russia 24 TV Channel

Speakers:
Andrey Klepach — Chief Economist, VEB.RF
Alexey Sazanov — State Secretary – Deputy Minister of Finance of the Russian Federation
Pavel Sorokin — First Deputy Minister of Energy of the Russian Federation

Russia’s Fuel and Energy Industry: Development Strategy

Oil and Gas Chemistry: An Era of New Opportunities in the Energy Transition

Russia has been talking for years about the need to ‘get off the raw materials needle’. This is becoming the number one task amidst the current sanctions and geopolitical tension. The availability of cheap domestic energy resources and the discontinuation of their supply to Western markets could become a huge competitive advantage for Russia in terms of creating and developing its own petrochemical and gas chemical industries, which seek to produce goods with high added value. In the absence of sanctions, this would make it possible for Russian products to enter new markets and find new export destinations. Can Russia take back its own market for high-value added petrochemicals and gas chemistry, and what needs to be done to achieve this? When can Russia expect to become a full-fledged exporter of high-value added chemical products? Should Russia consider creating an entire petrochemical cluster in Eastern Siberia that focuses both on exports and on supplying finished products to the domestic market as part of the country’s economic pivot to the East?

Speakers:
Daria Kozlova — Managing Director, Russian Energy Agency of the Russian Federation
Pavel Sorokin — First Deputy Minister of Energy of the Russian Federation
Mikhail Yurin — Deputy Minister of Industry and Trade of the Russian Federation

Russia’s Fuel and Energy Industry: Development Strategy

Overcoming Barriers: Finding Ways to Optimize the Coal Industry

The global coal industry is currently experiencing a downturn. The industry is under pressure from falling global prices, expensive logistics, and the refusal of numerous countries to use coal-fired power generation. Nevertheless, coal is still extremely important for the economies of lots of countries, including Russia. Russian coal is not only an energy resource; it is an entire industry that includes thousands of people, technologies, export chains, and engineering technologies. The coal industry has the potential to drive economic growth in Russia from 2030 to 2050. Besides the challenges this presents, it is also an historic opportunity that Russia, judging by the current pace of reform, can’t afford to miss. What support measures does the coal industry need today? How can we ensure the technological development of the coal industry amidst restrictions? What are the goals of the coal industry in terms of different planning horizons and how does it plan to achieve them? What are some of the difficulties with transport infrastructure, and what solutions do industry experts have to overcome them?

Moderator:
Irina Olkhovskaya — General Director, Research and Production Corporation United Wagon Company

Speaker:
Dmitry Islamov — State Secretary, Deputy Minister of Energy of the Russian Federation

Front row participants:
Konstantin Grebennik — Director of the Department of Coal Industry and Prospective Energy Sources, Analytical Center for Fuel and Energy Complex
Alexey Kulapin — General Director, Russian Energy Agency (REA) of the Ministry of Energy of Russia
Yury Saakyan — General Director, Institute of Natural Monopolies Research

Russia’s Fuel and Energy Industry: Development Strategy

New Energy: Effective Cooperation between Energy Companies and the State

Russia’s energy system is facing an unprecedented surge in electricity demand. While from 2010 to 2020, electricity consumption in the country grew by 0.8% per year, since 2021 the average annual growth rate has quadrupled to 3.2%. To transition to the sector’s target model and meet rising demand, the General Layout for the Placement of Electric Power Facilities was developed and approved. Under this plan, more than 88 GW of new generating capacity is scheduled to be brought online by 2042. This ambitious project envisions the launch of approximately 4–5 GW of generation each year. Meeting these targets will require large-scale investment without triggering a sharp rise in prices for consumers. How can effective cooperation between the state and energy companies be ensured to support the development of Russia’s power sector? What measures need to be taken to implement this large-scale electrification plan? What mechanisms should be built into the programme to curb electricity price growth? What target indicators should be set?

Moderator:
Irina Rossius — Reporter, Russia 1 TV Channel

Speakers:
Sergey Dregval — Chief Executive Officer, Inter RAO
Vladimir Kolmogorov — General Director, En+
Fedor Opadchy — Chairman of the Board, System Operator of the Unified Energy System
Andrey Ryumin — General Director, Chairman of the Management Board, Rosseti
Sergey Tsivilev — Minister of Energy of the Russian Federation

Russia’s Fuel and Energy Industry: Development Strategy

Energy Policy: From Strategy to Action Plan

The construction of electric power facilities until 2042 calls for building more than 88 GW of generating capacity, which will require more than RUB 40 trillion in investment. It can be a Herculean task to attract even small amounts of investment into the energy sector. On the one hand, we must create the tools and environment investors need. On the other, we must ensure investment is carried out effectively and profitably, project deadlines are met, and there is a return on investment. The main challenges for the modern energy sector are to carry out a new investment cycle, create mechanisms for attracting funds, and monitor the implementation of investment programmes. Only by meeting these challenges will we succeed in modernizing the power grid and integrating new technologies for transmitting electricity over long distances, which would change the operating principles of the Russian energy sector. The Ministry of Energy has developed a new system for managing the cost of energy facilities, which optimizes approaches to investment and the construction of new energy facilities. What is the best way to ensure the optimal flow of investment? What needs to be done to build ultra-high voltage lines? Are consumers ready for large-scale modernization and are they willing to pay for the improved reliability and quality of electricity supplies?

Moderator:
Maxim Bystrov — Chairman of the Board, Association "NP Market Council"

Speakers:
Mikhail Andronov — General Director, Rusenergosbyt
Evgeny Grabchak — Deputy Minister of Energy of the Russian Federation
Andrey Klepach — Chief Economist, VEB.RF
Petr Konyushenko — Deputy Minister of Energy of the Russian Federation
Fedor Opadchy — Chairman of the Board, System Operator of the Unified Energy System
Aleksandra Panina — Member of the Management Board, Inter RAO
Nikolay Shulginov — Chairman of the Committee on Energy of the State Duma of the Russian Federation

Russia’s Fuel and Energy Industry: Development Strategy

The Energy Agenda in the National Model of Targeted Business Conditions

The National Model of Target Business Conditions is a new system that is being used to develop standards that would create favourable conditions for doing business. The national model includes roadmaps with such business development tools as incentives for investment activity, infrastructure projects, the simplification of administrative procedures, less red tape, increased transparency, the development of innovative potential, and digital transformation. What changes in the business landscape can be expected by 2030? What impact will the new national model have on the energy sector? What tools will be used to provide state support to the energy sector? How can we accelerate the pace of the technological modernization of grids? What kind of qualitative changes should consumers expect?

Moderator:
Mikhail Khomich — Chief Strategist, VEB.RF

Speakers:
Mikhail Galperin — Member of the Board, Inter RAO; Professor of the Department of Commercial Law and Process, S.S. Alekseev Research Center for Private Law under the President of the Russian Federation
Sergey Gustov — General Director, Gazprom Mezhregiongaz
Leonid Kazinets — Chairman of the Board, BARKLI
Petr Konyushenko — Deputy Minister of Energy of the Russian Federation
Kirill Nikitin — Director, Tax Policy Center of the Department of Economics, Lomonosov Moscow State University
Mikhail Utkin — Director of the Investment Climate Development Division "New Business", Agency of Strategic Initiatives (ASI)

Russia’s Fuel and Energy Industry: Development Strategy

Energy Futurism. Technologies of the Future: Promising Investments or a Waste of Money?

The slogan “technology is the engine of progress” is unambiguous and has never really generated any heated debate. However, have we ever thought about the path that new inventions traverse from ideas and prototypes to industrial samples and how many of them have been unable to prove their effectiveness or profitability? There are active discussions going on right now about projects to build a nuclear power plant on the Moon, obtaining energy from thermonuclear fusion, extracting hydrogen from subsoil resources, creating orbital solar power plants and transmitting the electricity they generate by air, synthesizing oil from algae, and building cities of the future. How can we determine which technologies and developments are the most sustainable? Is it worth investing in such research and will it become justified in the future? How can we avoid all the latest fads in energy and the investment bubbles that follow them? Are major energy companies ready to invest in third-party startups or would it be more effective for them to work on their own developments for their in-house needs?

Moderator:
Sergey Brilev — President, The Global Energy Association

Speakers:
Oleg Aksyutin — Deputy Chairman of the Management Committee – Head of the Prospective Development Department, Gazprom
Pietro Barabaschi — Director General, ITER
Nikolai Vavilov — Director, Institute for the Development of Communications and Research of China and the Countries of Asia, Africa and Latin America
Petr Konyushenko — Deputy Minister of Energy of the Russian Federation

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