The global energy industry has explored many options to meet the growing energy needs of industrialized economies wherein production demands are to be met with supply of power from varied energy resources worldwide. There has been a clearer realization of the finite nature of oil resources and the ever higher pushing demand for energy. The world has yet to stabilize on the complex geopolitical undercurrents which influence the oil and gas production as well as supply strategies globally.
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.
The report presents a Russian energy footprint which analyzes the major countries and their usage of the various Russian energy resources.
In depth view has been provided in this report of Russian oil, electricity, natural gas, nuclear power, coal, wind, and hydroelectric sectors. The various geopolitical interests and intentions governing the exploitation, production, trade and supply of these resources for energy production has also been analyzed by this report in a non-partisan manner.
Russia's cooperation with China and Japan in the energy industry and Russia's energy policy along with its foreign policies on energy is also explained in Aruvian's report, with a future outlook for the global and the Russian energy market. A profile of the top 14 players in the Russian energy industry completes Aruvian's analysis of the Russian energy industry.