In 2006, Russia's real gross domestic product (GDP) grew by approximately 6.7 percent, surpassing average growth rates in all other G8 countries, marking the country's seventh consecutive year of economic expansion. Russia's economic growth over the past seven years has been driven primarily by energy exports, given the increase in Russian oil production and relatively high world oil prices during the period.
Internally, Russia gets over half of its domestic energy needs from natural gas, up from around 49 percent in 1992. Since then, the share of energy use from coal and nuclear has stayed constant, while energy use from oil has decreased from 27 percent to around 19 percent.
Aruvian Research's report - Analyzing Russia's Energy Policy and Energy Politics - is a strategic analysis of how the country's energy policy is affecting other neighboring countries, all of Europe, and the country itself. The report looks at the industry from a viewpoint of a political analyst and determines the factors impacting Russian energy policies. In view of understanding energy transactions, the report also studies the revenue returns for investors in various energy channels which manifest themselves in Russian energy demand and supply dynamics.