A plenary session, Building the Energy of the Future Together, takes place as part of Russian Energy Week
A plenary session, Building the Energy of the Future Together, takes place as part of Russian Energy Week
A plenary session, Building the Energy of the Future Together, takes place as part of Russian Energy Week
A plenary session of the Russian Energy Week 2025 forum titled “Building the Energy of the Future Together” was the central event of the programme, which defined the strategic guidelines for Russia’s fuel and energy complex through 2050. The industry, which has maintained its leading position despite sanctions pressure, continues to demonstrate resilience and technological mobilisation and is forming a new investment cycle based on domestic resources and international partnerships.
President Vladimir Putin outlined the key benchmarks for the development of global and Russian energy. The main trend is the reconfiguration of global energy links towards the countries of the Global South amid the collapse of the previous system. Russia continues to rank among the world’s leading oil producers, with output expected to reach around 510 million tonnes this year under the OPEC+ agreement. Gas exports are diversifying through new products such as LNG, while domestic consumption is growing thanks to vigorous gas infrastructure development efforts. About 100,000 kilometres of gas distribution networks have been built, bringing the gas supply level to 74.7 percent. In the electric power sector (with 270 GW of installed capacity), priorities include eliminating shortages, expanding grid infrastructure, and commissioning new power plants without increasing the tariff burden on consumers. Russia’s energy balance remains green with 87 percent of electricity generation coming from sources with minimal carbon footprint. Rosatom continues to strengthen its leadership, implementing plans to introduce over 29 GW of nuclear capacity, including small NPPs. The growing demand from the digital economy, such as data centres and artificial intelligence, will be met through local generation. Particular attention is being given to technological sovereignty, including import substitution in oil and gas equipment manufacturing and the development of industrial cooperation with BRICS partners and the Global South. Despite its cyclical nature, the coal market is expected to play a significant part for decades to come, particularly amid growing business activity in the Asia-Pacific region. Currently, the industry is experiencing a price decline, and the state is supporting companies and workers through measures such as loan restructuring. At the same time, the coal sector must enhance its own efficiency and competitiveness. The overall goal is to build a fair, predictable, and sustainable global energy order, in which Russia continues to strengthen its position as a global leader. “Ensuring that extraction operations and reserves benefit from smart management practices while promoting technological development and advancing on the environmental agenda is becoming an imperative for supplying the domestic market, achieving the national development goals, as well as delivering on our international commitments. We have always acted this way, and of course, will continue to honour our obligations – this is one of our unquestionable priorities,” the President said.
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