About this report

Because of the Russian Federation’s role as a key oil and gas exporter, the Russian energy sector is of key importance to the country’s economic success, as well as to world energy markets. Reforms are essential to enable Russia’s energy sector to keep pace with domestic energy demand growth in a period of strong GDP growth, while yet seizing export opportunities. Success will depend upon the creation of a stable and competitive investment environment, energy price reform, corporate transparency, dramatic improvement in energy efficiency and proper safeguards against the adverse environmental impacts from increased energy production and use.