Economic Analysis: Theory and Practice
 

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An analysis of the Russian energy potential

Vol. 18, Iss. 8, AUGUST 2019

Received: 20 May 2019

Received in revised form: 1 June 2019

Accepted: 22 June 2019

Available online: 30 August 2019

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: Q40, Q41, Q42, Q43, Q48

Pages: 1412–1427

https://doi.org/10.24891/ea.18.8.1412

Smirnov V.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
walera712006@mail.ru

https://orcid.org/0000-0002-6198-3157

Mulendeeva A.V. I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
alena-mulendeeva@yandex.ru

https://orcid.org/0000-0002-9852-9804

Subject The article investigates the Russia's energy potential and structure.
Objectives We analyze the Russian energy potential and identify its structural and dynamic properties.
Methods The study rests on the systems approach, using statistical analysis techniques.
Results We show the relevance of the analysis of Russian energy potential in the context of the Russian Federation's Energy Security Doctrine, present the provisions of methodological assessment and identify key criteria, including the energy supply stability and energy efficiency as energy security conditions. As a result of the synthesis of significant factors of energy potential in terms of their growth rates, we establish a volatile dynamics of the growth of gasoline and diesel fuel production and a drop in the production of aviation kerosene. The paper reveals a high probability of displacing coal from the natural gas market, which maintains a high rate of production growth.
Conclusions The dynamic properties of the Russian energy potential are characterized by a volatile increase in the production of gasoline, diesel fuel, production and export of crude oil and natural gas, as well as declining production of thermal and electric energy. Structural properties are linked to the government's compensatory efforts to subsidize the coal industry by increasing the price of natural gas and electricity for final consumption within Russia, as well as the shift of primary energy supply towards nuclear, hydro, geothermal, and solar energy.

Keywords: dynamics, synthesis, structure, growth rate, energy potential

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