Открытая лекция "Is there a future for Russian oil and gas?"

Given the current decarbonization efforts throughout the world and the advance of green technologies, a declining demand for fossil fuels is expected. Russia is in a precarious position as its oil reserves are increasingly hard to recover, geology-wise, and oil production costs tend to make it non-competitive. As to Russian natural gas, it can survive much longer as a transition fuel for the new energy, but in the final run its role — and market niches — will diminish too. What can Russia do to remain a strong player on the global energy market?

Dr. Mikhail Krutikhin is a Partner in the independent RusEnergy consulting agency.

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