6490

RUS SI A N ENERGY 20 1 4
Release October 2015
CONTENT S
5 Macroeconomy
6
Economic growth in the leading economies of

the world
Economic growth in Russia and leading world

economies (quarterly data)
Monthly dynamics of industrial production in

Russia and leading industrial
economies of the world
13 Oil
14
Crude oil reserves in the leading countries
14
Russias share in the world
15
rude oil and NGL production in Russia
15
rude oil and NGL production by region
16
Oil production in the leading countries
16
17
22
Motor fuel output by emission standarts

in Russia
22
Gasoline output structure in Russia
23
Petroleum products shipment in Russian

regions
24
Crude oil and petroleum products exports

in Russia
The worlds biggest oil & gas

companies
24
Russian petroleum products exports

to OECD countries
25
World oil prices
25
Petroleum products exchange trading in Russia

(SPIMEX)
Main commodity prices (IMF indices)
Dynamics of main exchange rates
10
Change of investments in fixed capital

of Russia
17
rude oil production by leading Russian

oil companies
10
External trade of Russia: exports and imports of

goods, trade balance
18
Oil consumption in the leading countries
18
25
Average motor fuel prices in Russia
26
Refining capacity
26
Average gasoline (RON-92) prices in Russia

by region
27
Gasoline (RON-92) price change in Russia

by region
28
Investment in Russian oil sector
28
Percentage change in oil investment
10
Structure of Russian budgetary

incomes and non-oil deficit
19
Production and flaring of associated gas

in Russia
11
Energy intensity of Russian GDP according to

different estimates
19
Associated gas flaring by region
19
Associated gas utilisation
20
Refining capacity in the leading countries
20
21
Primary crude oil refining in Russia
21
Average annual refining capacity
21
Crude oil refining depth
22
Basic petroleum products output in Russia
11 CO 2 emissions in Russia and other countries
Russian Energy 2014
Russian Energy 2014
29 Natural Gas
41 Coal
30
Natural gas reserves in the leading countries
42
Countries with largest coal reserves
30
42
Top coal producing countries
31
Natural gas production in the leading countries
42
Russias share in world coal production
31
43
Coal reserves in Russia by main basin
32
Share of LNG in world gas trade
43
32
Russia and other countries in world exports

of natural gas
Coal production in Russia

by main basin
44
Regional structure of coal production in Russia
33
Russia`s largest natural gas fields: reserves
44
34
Major producing gas fields in Russia
Coal production and upgrading in Russia

by types
45
Largest coal producers in Russia
46
Top oal onsuming ountries
46
Russias share in world coal consumption
47
Supply of Russian coal to main consumers
47
Average domestic coal prices

in Russia
47
Russian investment to coal industry
48
Structure of Russian hard coal exports

by destination
49
Top coal exporting countries
49
World coal prices
49
Russian share in world coal exports
49
World steam coal prices
35
Russias natural gas production by company
35
Independent gas producers in Russia
36
Natural gas in Russia: production, consumption

and exports
36
Russias natural gas production by region
37
Russia`s natural gas consumption by sector
37
Natural gas supply in the leading countries
37
Investment for Russian regions gasification
37
Russias gasification level
38
LNG production and exports in Russia
38
Share of Russia`s LNG exports by destination
38
CNG consumption in road transport
38
World prices of natural gas
39
Russias natural gas exports by destination
51 Petrochemicals
52
Polymers production in Russia

in primary forms
52
Russian investment to petrochemical industry
53
Changes in polymers production and

consumption in Russia
55 Electricity
56
Installed power capacity in Russia
56
Additional power capacity in UES of Russia

in 2014: total and by the Capacity Delivery
Agreement (CDA)
56
Depreciation of fixed assets at the end of the

year: generation, transmission and distribution
of electricity
57
Investments in generation, transmission and

distribution of electricity in Russia
57
Change of investments in electricity in fixed

capital of Russia in 2014 in comparison to 2013
58
Average electricity price by consumers

(nominal prices)
58
Electricity price for industry and households

and CPI in Russia
59
Electricity consumption growth in the UES

of Russia
59
Industrial Production Index in Russia

and federal districts
MACROECONOMY
The combination of structural and conjunctural factors led
to the economic stoppage in Russia
Russian Energy 2014. Macroeconomy
Economic growth in the leading economies of the world

2005-2014, % y/y
The rate of global economic growth did not
change substantially in 2014: according to IMF
estimate, it equaled 3.4%, as in the previous
year. However, this stability masks structural
changes: the growth of developing economies,
primarily in Latin America and CIS, slowed
down considerably, while developed economies
achieved some acceleration due to the revival of
the EU economy.
The sharpest deceleration among leading economies was seen in Brazil, under the influence of
problems on commodity markets, a high inflation and a weak domestic demand. As concerns
developed economies, the situation deteriorated
in Japan: domestic consumption decreased,
partially due to growing taxes. The European
economy strengthened: though France and Italy
are still stagnating, Germany and Britain are
growing on the base of the euro depreciation and
cheap energy.
China
Russia
Germany
15,0
10,0
5,0
0,0
-5,0
-10,0
Source: IMF, Eurostat, National Bureau of Statistics of China, Rosstat
France
UK
Italy
Japan
US
Brazil
Economic growth in Russia and leading world economies

2012-2014, q/q, seasonally adjusted
China
Despite widely spread worries about the slowdown in China,
the general situation in 2014 was satisfactory there.
3,0
2,5
2,0
1,5
1,0
U-28
The growth in the EU during 2014 was stable too, though
its rate was still quite low.
1,0
0,5
0,0
-0,5
-1,0
US
The US economy demonstrated high growth again in 2014

but the annual rate was deteriorated by a sharp fall in the 1st
quarter. It is attributed to the cold winter, however, it may also
be seen as an indicator of potential volatility.
2,0
1,5
1,0
0,5
0,0
-0,5
-1,0
Russia
1,0
0,5
0,0
-0,5
-1,0
I
III
II
2012
IV
II
III
2013
IV
II
III
IV
The Russian economic growth stopped in the second half of

2014 but the decrease in GDP was not recorded as well, even
in the fourth quarter: private consumption and investment
declined, as well as exports, but it was compensated by import substitution. This process has been accompanied by the
growth of value added in manufacturing (+2,5% in 2014) and
agriculture (+1,5%), while the construction shrinked (5,1%).
2014
Source: World Bank, Rosstat, Eurostat

Monthly dynamics of industrial production in Russia and leading industrial

economies of the world
2012-2014, monthly, Dec. 2011 = 100, seasonally adjusted
The growth of industrial production in the
USA and in Germany accelerated in 2014.
Germany returned to a positive and strong
industrial growth (+1,9%).
After the temporary decline in early 2013

the US industry achieved the highest
growth rate in 15 years (+4,3%), except
post-crisis 2010. Nevertheless, in the
fourth quarter, probably because of the US
dollar appreciation, the American industry
slowed down.
Germany
The industrial production in Russia in 2014

slightly revived, especially in manufacturing (+2,1% after +0,5% in 2013, in particular
in food production, oil refining, production
of plastics and railway transport).
US
The growh rate of industrial production

in China decreased in 2014 (+8,2% after
+9,9% in 2013), and it was unstable
during the year.
Russia
China
130
120
110
100
2012
2013
2014
2012
2013
2014
2012
2013
2014
2012
2013
2014
Source: World Bank, Rosstat
Main commodity prices (IMF indices)

2012-2014, Jan. 2012 = 100
agricultural raw materials
metals
food
energy
World commodity indices in 2014 plunged but this decline is explained
mainly by cheapening energy products and metals. Food prices moved
differently, the strongest fall in prices in 2014 was recorded on markets
for grains and soybeans, somewhere also for oils, sugar and seafood.
120
110
100
90
Metal indices in 2014 continued their decline, with sharp fall of iron ore
prices (in2014 it depreciated by half) and moderate losses on copper,
lead, tin and nickel markets. Such dynamics may be explained by the
excess of previously in the era of high prices brought capacities
under todays weak demand.
80
70
60
50
2012
2013
2014
The most important problem for the Russian

economy was the cheapening of oil by 40% in
the second half of 2014. Gas prices in long-term
contracts slightly decreased in 2014 too but the
most part of their correction will take place in
2015. Coal price decreased approximately by one
quarter in 2014.
Source: IMF
Dynamics of main exchange rates

20122014
USD per euro

1,5
1,4
1,3
1,2
1,1
Rubles per USD

60
50
40
30
20
Pounds per USD

0,70
0,65
0,60
0,55
0,50
The second half of 2014 was marked by sharp

fluctuations of exchange rates. The euro depreciated by 10% in relation to the US dollar, the
yen almost by 20% because of the moderation
100 yen per USD

1,3
1,2
1,1
of the monetary policy in Japan and its simultaneous tightening in the USA. The rouble weakened by more than 40%, following the oil price.
1,0
0,9
0,8
0,7
0,6
jan
mar
may
jul
sep
2012
nov
jan
mar
may
jul
2013
sep
nov
jan
mar
may
jul
2014
sep
nov
Source: Thomson Reuters

9
10
Change of investments in fixed capital

of Russia
Structure of Russian budgetary

incomes and non-oil deficit
2014, without small enterprises and statistically unobservable investment
2013-2014, trln rubles
The decrease in investments remains an essential element of the economic slowdown in Russia.
But in 2014 fuel and energy industries did not make a negative contribution: in general, investments
in the sector were growing, though some contractions took place in electricity and heat industries,
coal production and gas pipelines. The decline of investments in the economy was recorded mostly
in rail and road transport, health care, organization of cultural and sport activities.
oil and gas incomes
16
non-oil and gas incomes

14
non-oil deficit
Despite the deteriorating situation on world
commodity markets in 2014, oil and gas incomes
of the Russian federal budget grew by 0,9 trln
rubles. But all the additional incomes hydrocarbon incomes, as well as non-hydrocarbon
incomes were directed to finance growing
budget liabilities. As a result, non-oil deficit
increased by the sum of additional oil and gas
incomes by 0,9 trln rubles.
12
absolute change to 2013

bln rubles (constant prices)
Extraction of energy resources
Oil refining
Electricity, gas and heat
Pipeline transportation
Total (the whole economy)
per cent change, physical volume

% to 2013
148,9
8,3
73,0
31,5
8,8
1,8
6,8
4,7
442,7
4,3
10
Source: Rosstat
2014
2013
Source: The Ministry of Finance of Russia
External trade of Russia: exports and imports of goods, trade balance

2005-2014, bln USD
exports
Due to the outpacing decrease in imports,

resulting from sanctions and counter-sanctions
and the falling rate of exchange, trade balance
of Russia slightly improved in 2014. However,
sharp fall of oil prices in the end of the year led
to the correction of trade balance and to the fast
weakening of the ruble .
trade balance
imports
25
600
20
500
15
400
10
300
200
100
jan
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
mar
may jul
2013
sep
nov
jan
mar
may jul
2014
sep
nov
Source: World Bank
Energy intensity of Russian GDP according to different estimates

2005-2013, toe per thousand USD-2011 (PPP-based)
BP
IEA
Rosstat
Statistical data of 20122013 from different

sources confirm that after 2011 the process
of energy efficiency improvement in Russia
restarted. Nevertheless its rates are considerably lower than before the crisis
of 20082009.
0,26
0,25
0,24
0,23
0,22
0,21
0,20
2005
2006
2007
2008
2009
2010
2011
2012
2013
Source: IEA, BP, Rosstat
CO2 emissions in Russia and other countries

2005-2013, Mt
World
40
30
China
US
EU
Russia
Global CO 2 emissions in 2013 continued to grow

at a slightly lower rate compared to the previous
year. More than a half of the 2013 increase was
provided by China. Russian emissions shrinked
by 0,7%.
20
10
Source: BP
11
OIL
Crude oil exports reduction in Russia accompanied by increase in output
and exports of petroleum products
Russian Energy 2014. Oil
14
Crude oil reserves in the leading countries
2000-2013, bln t
2000-2013, %
In recent years, the split down of the oil proved

reserves by countries has not changed. Having
multiplied four times its investigated reserves
since 2000, due to heavy and extra heavy oil
of the Orinoco oil belt, Venezuela still holds the
leadership.
8
6
4
2
2000
Venezuela
50
40
30
20
10
Source: BP
Saudi Arabia
Canada
Iran
Iraq
2001
2002
2003
Kuwait
2004
2005
2006
2007
UAE
2008
2009
2010
2011
Russia
2012
2013
rude oil and NGL production in Russia

20002014, Mt
Crude oil production in Russia was growing during last six years
(inaverage by 1,2% per year). Nevertheless, production growth rates
are decreasing driven by economic factors and gradual entering
oil production plateau.
600
500
400
300
200
100
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
rude oil and NGL production by region

20002014, %
100
other
Far East
North West
Siberia
80
Volga
Ural
Crude oil production in Ural Federal District continues to decrease

(by3Mt in 2014) but it still provides more than half of total Russian crude
oil production (57,1%). However, crude oil production decline rate stabilized
at 1,0% per year.
Crude oil production in Volga Federal District (21,9% of total Russian oil production) showed a growth during 2000-2014, but the growth rates are decelerating. Oil production in the District in 2014 increased by 1,4 Mt (+1,3%).
60
Crude oil production decrease on mature fields is compensated by

expansion of greenfields exploration in Siberian and Far Eastern Federal
Districts, which provide 9,1% and 4,4% of total Russian crude oil production respectively. Thus crude oil production in 2014 in Siberian and Far
Eastern Federal Districts increased by 1,7 Mt (+3,6%) and 1,5 Mt (+7,2%)
respectively.
40
20
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Source: Rosstat
15
16
Oil production in the leading countries
2000-2014, Mt
20002014, %
The United States has become the largest oil

producer due to intesive exploitation of oil shale
deposits, ahead of Saudi Arabia and Russia.
Russia continues to maintain almost 12% of
world oil production. In Iran, the oil production
has significantly decreased as a result of international sanctions imposed in 2011, but their
partial abatement in January 2014 has helped
Iran on its way back to growth. In Iraq, despite
the new military conflict, recovery growth has
been observed.
15
US
600
500
400
300
200
100
Source: IEA
Saudi Arabia
10
2000
Russia
China
Canada
2001
2002
UAE
2003
2004
2005
2006
2007
Iran
2008
2009
2010
2011
2012
Iraq
2013
2014
The worlds biggest oil & gas

companies
rude oil production by leading Russian

oil companies
2013-2014, Production, Mtoe
20122014, Mt
632,3
Saudi Aramco
403,3
Gazprom
303,7
NIOC
263,9
Exxon Mobil
229,0
Rosneft
194,2
PetroChina
154,3
BP
597,4
413,2
298,7
234,0
234,0
199,1
184,2
199,1
Royal Dutch Shell
179,2
Pemex
169,3
KPC
174,3
Chevron
119,5
ADNOC
129,4
Total
124,5
Petrobras
184,2
179,2
169,3
164,3
154,3
124,5
119,5
119,5
QP
114,5
Lukoil
119,5
114,5
109,0
Sonatrach
110,5
Ministry of Oil (Iraq)
104,6
PDVSA
109,5
104,6
99,6
99,6
ConocoPhillips
99,6
Statoil
99,6
99,6
Rosneft
190,6
192,6
190,9
Lukoil
87,2
86,7
86,6
Surgutneftegaz
61,4
61,4
61,4
Gazprom Neft
31,6
32,2
33,6
Tatneft
2013
2014
Positions of Russian Gazprom,

Rosneft and Lukoil have remained
unchanged in the list of the largest
oil and gas companies. On the top
of the list is Saudi Arabians national company Saudi Aramco.
26,3
26,4
26,5
Bashneft
15,5
16,4
17,9
RussNeft
8,9
8,9
2012
2013
2014
In 2014, three of seven leading

Russian oil-producing companies
demonstrated output decline: Rosneft (1,7 Mt), RussNeft (0,3 Mt)
and LUKOIL (0,1 Mt). The rest of
the companies, excluding Surgutneftegaz (there was no change in
companys production), increased
their output.
8,6
Source: Forbes
Source: CDU TEK

17
18
Oil consumption in the leading countries
2000-2014, Mt
20002014, %
In 2014, global oil consumption increased by

0,7%. In developed countries, it fell by 1,0%.
In the developing world, there was a further
increase in consumption (+2,5%), largely maintained by increased demand from the Asian
market. Russia has continued to increase its
share of global oil consumption in recent years.
US
1200
1000
800
600
400
200
Source: IEA
China
4
3
2
1
2000
Japan
Russia
2001
India
2002
2003
2004
2005
2006
Brazil
2007
2008
2009
2010
2011
2012
2013
Saudi Arabia
2014
Production and flaring of associated gas

in Russia
Associated gas utilisation
20002014, bcm
The rate of associated gas utilization in 2014 reached 85,2% (+8,2 p.p.
versus 2013) and exceeded all-time high of 1995 by 4,2 p.p. due to legislative changes encouraged investment in associated gas utilization and
processing. Far Eastern Federal District demonstrated the highest rate of
utilization (98,1%) while the lowest rate was recorded in Siberian Federal
District (36,7%).
production
20002014, %
flaring
80
70
60
50
40
90
30
80
20
70
10
60
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Source: Rosstat
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Source: Rosstat
Associated gas flaring by region

20082014, %
100
ther
North West
80
Volga
Ural
Siberia
60
Siberian Federal District is the leading region in terms of associated

gas flaring volume (47,8% of total Russian volume) passed ahead of the
former leader Ural Federal District (27,2%) in 2012. It is attributed to
the changes in geographical structure of crude oil production (greenfields
output growth with no prepared infrastructure for utilization) and higher
rate arrangements in mature oil-producing regions.
40
20
2008
2009
2010
2011
2012
2013
2014
Source: Rosstat
19
20
Refining capacity
in the leading countries
2000-2013, Mt
Since 2009, Russias share in global refining

capacity has been growing, but not very rapidly,
especially compared to China. In the EU,
a prolonged reduction in oil refining capacity
is still observed.
20002014, %
4
2
2000
US
1000
800
600
400
200
Source:
China
Russia
2001
India
2002
2003
2004
2005
2006
Japan
2007
2008
2009
2010
2011
2012
South Korea
2013
Primary crude oil refining in Russia

20052014, Mt
Far East
350
Ural
300
North West
South
250
Siberia
200
Center
Between 2010 and 2014 crude oil refining in Russia has shown growth from
249,3 Mt to 294,4 Mt (+12,9%). The largest absolute increase was recorded
in Volga Federal District by 12,9 Mt (+12,9%) while the largest percentage
change was recorded in Ural Federal District by 9,2 Mt (+120,8%). Volga
Federal District is the leading crude oil refining region (38,4% of total Russia crude oil refining volume).
Volga
150
100
50
0
2005
2006
2007
2008
2009
2010
2011
2012
2013
Source: Rosstat
2014
Average annual refining capacity
Crude oil refining depth
20052013, mtpy
20002014, %
Ural
Volga
140
North West
Siberia
Far East
Center
South
Average refining depth in Russia in 2014 reached 72,4% (+0,7 p.p. versus
2013) and exceeded all-time high of 2008 by 0,3 p.p. due to Russian refineries modernization to be completed by 2020.
120
100
80
74
60
72
40
70
20
68
2000
Source: Rosstat
2002
2004
2006
2008
2010
2012
2014
Source: Rosstat
21
22
Basic petroleum products output in Russia

2000, 2005, 20082014, Mt
Gasoline
Diesel
Heating Oil
Basic petroleum products output in Russia in

2014 increased by 6,45 Mt (+3,4%). The growth
was mostly driven by diesel output 5,43 Mt
(+7,6%). Gasoline output declined by 0,44 Mt
(1,1%). The share of Gasoline Regular 95 continues to grow reached 27,3% in 2014 (+10 p.p. during last four years). The share of Euro5 motor
fuels has shown considerable growth: gasoline
by 8,8 p.p. to 68,3%, diesel by 13,2 p.p. to 55,4%.
80
60
40
20
2000
2005
2008
2014
2000
2005
2008
2014
2000
Motor fuel output by emission standarts in Russia

20112014, %
2005
2008
Source: Rosstat
2014
Gasoline output structure

in Russia
20102014, %
Euro 2
Euro 3
Euro 4
Euro 5
ON-76
RON-92
RON-95
RON-98
(RON-80)
Gasoline
Diesel
100
100
80
80
60
60
40
40
20
20
2011
Source: Rosstat
2012
2013
2014
2011
2012
2013
2014
2010
Source: Rosstat
2011
2012
2013
2014
Petroleum products shipment in Russian regions

2014, kt
Share of the Federal
District in total Russian output
18,3%
Center
Individual regions performance
Moscow Oblast
Yaroslavl Oblast
Moscow
Gasoline shipment
Diesel shipment
Heating oil shipment
4066
195
1393
230
244
89
2 519
577
943
157
1207
148
1170
115
4 524
1 647
1 299
671
1 545
416
1 185
17,7%
North West
Komi Republic
Leningrad Oblast
Murmansk Oblast
St. Petersburg
17,4%
South
Krasnodar Krai
Volgograd Oblast
Rostov Oblast
1224
662
979
7 403
15
781
3 758
522
664
1,5%
North
Caucasus
Republic of Dagestan
Republic of North Ossetia-Alania
Stavropol Krai
261
96
583
1
1
6
15
45
240
15,3%
Volga
Republic of Bashkortostan
Republic of Tatarstan
Nizhny Novgorod Oblast
Samara Oblast
1305
1100
863
1802
310
235
45
176
804
1 254
520
1 478
7,7%
Ural
Sverdlovsk Oblast
Tyumen Oblast
Chelyabinsk Oblast
1137
1163
798
117
2
45
698
2 676
524
Krasnoyarsk Krai
Irkutsk Oblast
Kemerovo Oblast
Novosibirsk Oblast
Omsk Oblast
784
681
683
751
469
253
422
377
25
163
897
1 075
1 207
546
508
Primorsk Krai
Khabarovsk Krai
466
835
3 927
2 014
571
1 125
11,8%
Siberia
10,3%
Far East
Source: Rosstat
23
24
Crude oil and petroleum products

exports in Russia
Russian petroleum products exports

to OECD countries
20002014, Mt
20002014, Mt
Crude oil exports in Russia continued to decline in 2014 and reached 223,4 Mt
(24,4 Mt versus 2009) in contrast to petroleum products exports which showed
growth again in 2014 amounted to 164,8 Mt (+13,2 Mt versus 2013). Crude oil (89,2%)
and petroleum products (94,1%) exports goes almost entirely to far-abroad countries.
In 2014, the supply of petroleum products to OECD countries still

increased, primarily due to growth of fuel oil and naphtha exports which
increased by a third. Exports of diesel fuel and gasoline to the developed
countries also rose, though in less significantly.
80
Far-abroad countries
CIS countries
70
Crude oil exports in Russia
4,3
Other petrolium
products
60
300
26,8
50
Fuel oil
250
40
200
150
2,0
Gasoline
30
24,2
100
Diesel fuel
20
50
0,6
Kerosene
13,1
Naphtha
10
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Petroleum products exports in Russia
2000
200
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Russia's share in OECD countries imports of petroleum products, 2000-2014, %
150
20
15
100
10
50
2000
2001
2002
Source: Rosstat
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2000
2001
Source: IEA
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
World oil prices
Average motor fuel prices in Russia
20052014, $/bbl
Jan 2011 Jan 2015, rubles/l
The imbalance of supply and demand in the world oil market

led to a steady fall in prices in the second half of 2014. The
key reasons for overproduction are growth of oil production
in the US as well as the major exporting countries unwillingness to reduce their production fueled by fear of losing
Brent
WTI
their share in the global market. Moreover, the

demand for oil was weakened by slowdown of
growth in the economies of China and of the
European Union. A stronger US dollar was also
a significant factor in the decline in oil prices.
Urals
Gasoline prices increased in January 2015 in average by 2,6 rubles (yearon-year) or by 8,5%. RON92 gasoline showed the highest price growth
by 2,82 rubles (+9,5%). Diesel prices increased by 1 ruble (+3,0%).
OPEC oil basket
120
MON-76 (RON-80)
RON-92 (RON-93)
RON-95 and above
Diesel
40
100
35
80
30
25
60
20
15
40
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2011
2012
2013
2014
Source: Thomson Reuters Datastream
Source: Rosstat
Petroleum products exchange trading in Russia (SPIMEX)
Petroleum products exchange trading in Russia maintain high rates of

development encouraged by regulatory and legal framework evolving. High
rates are also explained by passing an early stage of market development.
The leading exchange market participants includes Rosneft (31,3% of total
sales), Surgutneftegaz (15,4%), Gazprom Neft (13,4%), LUKOIL (13,4%) and
Gazprom (10,3%). RON92 gasoline, summer diesel and heating oil account
for substantial volumes of exchange trading in petroleum products
26%, 20,3% and 14,7% respectively.
20082014
Turnover,
mln rubles
Volume,
Kt
Number of contracts,
1,000 units
600
20
100
80
15
400
60
10
200
40
2008
2009
2010
2011
2012
2013
2014
20
2008
2009
2010
2011
2012
2013
2014
2008
2009
2010
2011
2012
2013
2014
Source: SPIMEX
25
26
Refining capacity
Average gasoline (RON-92) prices in Russia by region
mtpy
2014, rubles/l
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
<5
510
Omsk
Kirishi
Ryazan
Kstovo
Yaroslavl
Perm
Moscow
Volgograd
Angarsk
Ufa
Syzran
Novokuybyshevsk
Ufa
Tyumen
Salavat
Achinsk
Komsomolsk-on-Amur
Ufa
Nizhnekamsk
Samara
26
Saratov
24
Orsk
Khabarovsk
Tuapse
Ukhta
Krasnodar
Novoshakhtinsk
1015
1520
7
3
27
25
4
11
21
8
19
20
12
10 13
18
14
15
22
17
1
16
23
>20
29
30
31
32
34
38
49
Source: Rosstat
Refining capacity
Gasoline (RON-92) price change in Russia by region
mtpy
January 2014 January 2015, %
<5
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Omsk
Kirishi
Ryazan
Kstovo
Yaroslavl
Perm
Moscow
Volgograd
Angarsk
Ufa
Syzran
Novokuybyshevsk
Ufa
Tyumen
Salavat
Achinsk
Komsomolsk-on-Amur
Ufa
Nizhnekamsk
Samara
26
Saratov
24
Orsk
Khabarovsk
Tuapse
Ukhta
26
27
Krasnodar
Novoshakhtinsk
510
1015
1520
7
3
27
25
4
11
21
8
19
20
12
10 13
18
14
15
22
17
1
16
23
>20
10
11
12
17
Source: Rosstat
27
28
Investment in Russian oil sector

20102014, bln rubles
Crude oil
production
Petroleum
products output
Crude oil transport

by pipeline
1400
Investment in Russian oil sector in 2014 exceeded the level of 2013. The largest absolute
increase was recorded in crude oil production
by 156,8 bln rubles while the largest percentage
change was recorded in pipeline transportation
of crude oil by 40,2%. Petroleum products
output continues to demonstrate high CAAGR
recorded 26,0% in 20102014.
1200
1000
800
600
400
200
2010
2011
2012
2013
2014
2010
2011
2012
2013
2014
2010
2011
2012
2013
2014
Percentage change in oil investment

20112014 (year-on-year), %
Crude oil
production
Petroleum
products output
Crude oil transport

by pipeline
50
40
30
20
10
10
20
Source: Rosstat
NATUR AL GAS
Russian natural gas exports decline caused
a decrease in its production
Russian Energy 2014. Natural Gas
30
Natural gas reserves in the leading countries
2000-2014, tcm
20002013, %
Russia has significantly reduced its share

in the world market after the discoveries
of large natural gas fields in Iran, Qatar
and Turkmenistan.
25
15
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Source:
Iran
40
30
20
10
Source:
Russia
Qatar
Turkmenistan
US
Saudi Arabia
UAE
Venezuela
Nigeria
2013
Natural gas production in the leading countries
2000-2013, bcm
20002013, %
Despite a gradual increase in its production in

recent years, Russia has reduced its share in
global gas production due to the similar trends
in the United States, Qatar and Iran. In 2012,
Russia lost the leadership in gas production
to the US, where the growth has been provided
by shale gas exploitation. China has achieved
notable progress in the production of gas and
in 2013 it was ahead of Norway.
25
US
Russia
15
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Source:
Qatar
Iran
Canada
China
Norway
800
600
400
200
Source:
31
32
Share of LNG in world

gas trade
Russia and other countries in world exports of natural gas

2000-2013, bcm
20002013, %
1200
35
25
1000
15
2013
2011
2012
2010
2009
2007
2008
2006
2004
2005
2003
2001
2002
2000
225,9
Russia
800
Source: IEA
600
400
121,5
Qatar
95,6
Norway
78,9
Canada
52,8
Netherlands
49,1
43,6
Algeria
Turkmenistan
200
371,0
2000
Source: IEA
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Other countries
Russia`s largest natural gas fields: reserves

2014, bcm
Russia`s natural gas reserves (ABC1) amount to 49,5 tcm, which is 1 percent more than in 2013. The largest
gas fields are located in Western Siberia oil and gas bearing province. The growth in gas reserves was provided
by gas fields in the Yamal Peninsula (Bovanenkovo, Kharasaveyskoye, Yuzhno-Tambeyskoye), Eastern Siberia
(Kovyktinskoye), Russian Far East (Chayandinskoye) and on the Arctic Shelf (Shtokman, Kruzenshternskoye).
In European Russia the main gas reserves are concentrated in Astrakhan field and Orenburg field.
5183
Urengoy
4346
Bovanenkovo
3939
Shtokman
3195
Yamburg
2483
Kruzenshternskoye
Astrakhan
2451
Zapolyarnoye
1563
Kovyktinskoye
1423
Kharasaveyskoye
1349
Kruzenshternskoye
997
Yuzhno-Tambeyskoye
887
Yuzhno-Russkoye
862
Severo-Tambeyskoye
708
Chayandinskoye
559
Medvezhye
Severo-Tambeyskoye
Yuzhno-Tambeyskoye
Kharasaveyskoye
Bovanenkovo
Shtokman
Yamburg
Medvezhye
Urengoy
Zapolyarnoye
Yuzhno-Russkoye
Chayandinskoye
Astrakhan
Kovyktinskoye
Source: Ministry of Natural Resources and Environment of the Russian Federation

33
34
Major producing gas fields in Russia

2013, bcm
About 80% of Russia`s natural gas production is carried out in the Nadym-Pur-Taz region, Yamalo-Nenets AO.
In 2013, three gas fields Zapolyarnoye, Urengoy, Yamburg accounted for more than 40% of country`s gas
production.
In 2012, gas production was started at the Bovanenkovo field (Yamal Peninsula), and it accounted 22,8 bcm
in 2013 and about 40 bcm in 2014. By 2020, Bovanenkovo will become one of the largest gas producing fields
in Russia. Positive production dynamics also featured on Yurkharovskoye field and Yuzhno-Russkoye field.
Bovanenkovo
117,5
Zapolyarnoye
90,6
Urengoy
Yamburg
Yurkharovskoye
75,3
Yamburg
Medvezhye
Urengoy
38,4
Yurkharovskoye
25,1
22,8
Zapolyarnoye
Yuzhno-Russkoye
Yuzhno-Russkoye
Bovanenkovo
16,9
Orenburg
16,4
Lunskoye
12,2
Medvezhye
11,7
Astrakhan
Lunskoye
Orenburg
Astrakhan
Source: Ministry of Natural Resources and Environment of the Russian Federation
Russias natural gas production by company

2014, bcm
Russia`s largest natural gas producer is
Gazprom, which provided 70,7% of country`s gas production in 2013, and 72% in
2012. There is a tendency for an increase
in the share of independent gas producers
in the Russia`s gas production: from 16%
in2007 to 29% in 2013.
According to CDU TEK, in 2014 Gazproms share in Russia`s

gas production amounted to 67%, which is 3,2 p.p. lower than
in 2013.The reason of the decline is the drop in Gazproms
production.
Independent gas producers increase production volumes,
leaders are Novatek and Rosneft.
432
208
Gazprom
Others
Source: CDU TEK
Independent gas producers in Russia

Production, 2012-2014, bcm
89,1
72
53,5
51,6
37,3
18,7
17,7
12,4
2012
2012
2013
2014
2012
2013
2014
2012
2013
2014
9,4
2012
2013
2014
12,6
2012
2013
2014
17
Novatek
Lukoil
TNK-BP
Rosneft
Surgutneftegaz
Others
Source: Ministry of Natural Resources and Environment of the Russian Federation, CDU TEK
35
36
Natural gas in Russia: production, consumption and exports

2011-2014, bcm
production
669
201
470
domestic consumption
653
194
460
In 2014, Russia`s gas production amounted to 639,2 bcm, which is 4,3% less than in 2013. The decrease was caused by significant reduction of gas exports and by decline of domestic consumption.
In 20102014, the gas supply to the domestic market decreased by 30,7 bcm, or by 6,3%.
export
668
211
640
457
In 2014, Russia`s gas exports decreased by 11,4% year on year to 187 bcm, the lowest level since
2000 (except 2009). All of the major importers of Russian gas reduced the volume of imports (except Turkey, Belarus and Kazakhstan). A significant decrease was recorded in supplies to Ukraine
(44%) and Italy (19%).
187
455
Source: Rosstat, Ministry of Energy of the Russian Federation
Russias natural gas production by region

2014, bcm
In 2014, more than 80% of natural gas production in Russia was provided by Yamalo-Nenets AO,
which is 1,5 p.p. lower than in 2013. In 20102014, YNAO share in Russia`s gas production was
8083%. In 2014 to 2013 gas production significantly increased in Krasnoyarsk region (+150%)
and Sakha (+25%) and the largest drop was observed in YNAO (6%, or 32,9 bcm).
Source: Rosstat, Ministry of Energy of the Russian Federation
513
31,8
28
20,4
11,9
7,9
26,1
Yamalo-Nenets
Khanty-Mansi
Sakhalin
Orenburg
Astrakhan
Krasnoyarsk
Others
Source: Ministry of Natural Resources and Environment of the Russian Federation, CDU TEK
Russia`s natural gas consumption by sector
Investment for Russian regions

gasification
2013, mtce
In 2013, the production of electricity and heat energy provided 51,8% of Russia`s natural gas consumption, which
is 1,4 p.p. less than in 2012. Gas consumption decreased by 5% in these two sectors, by 10,9% in industry and
increased by 15,3% in residential sector.
Residential
58,8
144,3
2011-2014, bln rubles

In 2014, investments for Russian regions gasification decreased by 15%,
and Russias gasification level increased by 0,9 p.p. compared with 2013
and reached 65,3%. The main reason is the increase in gas debts.
29
Electricity
production
33,7
33,9
28,8
Source: Ministry of Energy of the Russian Federation
Gas
transportation
43,4
540
135,6
Heat
production
Russias gasification level

2011-2014, %
Others
90,4
67,5
63,1
Industry
63,2
64,4
65,3

Source: Rosstat
Natural gas supply in the leading countries

20002013, bcm
US
EU
800
600
400
200
Russia
China
Iran
Japan
Canada
In Russia, the growth rate of domestic demand for gas has been lower
than the worlds one over the last decade. The increase in gas production
in the United States promotes the growth of its consumption there. In
2014, gas consumption in all EU countries fell below the Russian, which
was caused by energy efficiency and increasing renewable energy. The
ever growing use of natural gas in China led to a higher increase in demand for this energy source than the one observed in Iran in 2013.
Source: BP
37
38
LNG production and exports in Russia
CNG consumption in road transport
2009-2014, bcm
2008-2013, bcm
Russia`s LNG production and exports is carried out on single plant on Sakhalin Island, with
a capacity of 9,6 mtpa. LNG is exported by sea to the Asia-Pacific countries, mainly to Japan.
Russia`s CNG consumption is about 400 mcm, or 1,0% of the world total. The natural
gas consumption in transport is a priority of Russia`s gas industry develompent. One
of the mechanisms to stimulate the growth of CNG consumption are subsidies to the
regions. Creating the infrastructure for the Russian NGV market development will be
implemented mainly by Gazprom and Rosneft.
There are LNG plants projects in Russia. The plant on the Yamal Peninsula is under construction,
with an installed capacity of 16,5 mtpa, start at 20172018. It is also planned to implement projects
inVladivostok and the Baltic Sea (Gazprom) and Sakhalin Island (Rosneft).
In 2013, Russias share in the global LNG market was 4,4%.
14,4
13,4
14,8
14,5
14,4
2008
2009
2010
2011
2012
2013
World
21,25
25,59
30,37
35,02
36,96
n/a
Russia
0,34
0,33
0,35
0,37
0,39
0,41
Source: Gazprom Gazomotornoye Toplivo, IEA
6,6
2009
2010
2011
2012
2013
2014
World prices of natural gas
Source: CDU TEK
2000-2013, $/kcm
Share of Russia`s LNG exports by destination
700
Europe (Russian gas)
2014, %
Japan
US (Hengy Hub)
500
300
Source: Federal Customs Service of Russia
2014
2013
2012
2011
2010
2009
2008
Others
2007
China
2006
Republic of Korea
2005
Japan
2004
1%
2003
2%
2002
16%
2001
81%
2000
100
In 2013-2014, the decline in gas prices in Europe and Asia was due to slowdown of
demand, increase in supply for this energy source and decrease in world prices for oil
and oil products. The main factor in the growth of prices of natural gas in the US was
the abnormally cold weather in early 2014.
Source: IMF
Russias natural gas exports by destination

2014, bcm
60
50
43,3 Others
40
36,4 Germany
30
27,3 Turkey
20,1 Belarus
19,9 Italy
20
14,5 Ukraine
11,6 Japan
10
8,6 Kazakhstan
7,1 France
In 2000-2014 Russias gas exports geography didnt change significantly: European

countries were the main customers. Russia started to export LNG to Asia-Pacific in
2009, mainly to Japan. In 2014, LNG exports was about 8% of total Russian gas exports.
In 2014, gas exports was 140,6 bcm to far-abroad countries (74,5% of total) and 48,1
bcm to FSU countries (25,5% of total).
0
2013
2014

39
COAL
Moderate growth of coal production in Russia
is focused on Eastern export dimension
Russian Energy 2014. Coal
42
Countries with largest coal reserves
Russias share in world coal

production
2013, bln t
20052013, %
Russia holds the second place in coal reserves

in the world (after US). It possesses around 18%
of world reserves.
6
5
237,3
US
26,6%
157,0
Russia 17,6%
114,5
China 12,8%
76,4
Australia
60,6
India
40,5
Germany 4,5%
33,9
Ukraine 3,8 %
4
3
2
1
8,6%
2005
2006
2007
2008
2009
2010
2011
2012
Source: IEA World Coal Supply
6,8 %
Source:
World production of coal in 2013 remained almost flat as compared to
2012(growth was less than 0,5%). 45% of coal production in the world
was provided by China. Russian contribution made up around 4,5%
(6-th rank inthe world).
Top coal producing countries

2005-2013, mln t
China
4000
3000
2000
1000
US
India
Indonesia
Australia
Russia
South Africa
2013
Coal reserves in Russia by main basin
Coal production in Russia

by main basin
01.01.2014, bln t
2010-2014, mln t
There are 22 coal basins and 129 coal deposits in Russia. Over two thirds
of proven reserves are concentrated within two basins: Kansk-Achinsk
basin (brown coal) and Kuznetsk basin (hard coal). In 2013 coal reserves
in Russia increased by 0,1%.
79,3
Kansk-Achinsk Basin
53,4
Kuznetsk Basin 27,4 %
In 2014 coal production in Russia reached 358 mln t, which is 2% higher than
in 2013. It rised in Kuznetsk (+4%) and, especially, Donets (+26%) coal basins
and fell in Pechora (6%) and Kansk-Achinsk (3%) basins. Kuznetsk coal
basin remains the center of Russian coal production (59% of total).
40,7%
Kuznetsk Kansk-Achinsk
Basin
Basin
Pechora
Basin
Donets
Basin
Other
250
7,6
Irkutsk Basin 3,9 %
7,2
Pechora Basin 3,7%
6,5
Donets Basin 3,3 %
5,0
South Yakutia Basin 2,6%
4,5
Minusinsk Basin 2,3 %
200
150
100
50
Pechora Basin
Donets Basin
South Yakutia Basin
Kuznetsk Basin
Kansk-Achinsk Basin
Minusinsk Basin
Irkutsk Basin
Source: Ministry of Natural Resources and Ecology of the Russian Federation

43
44
Regional structure of coal production in Russia

20102014, %
Coal in Russia is produced in 7 federal districts and 25 federal subjects. Almost 85% of coal production in 2014 came from Siberian federal dictrict. Its significance for Russian coal industry is growing.
The largest coal producing federal subjects of the Russian Federation (Kemerovo Oblast,
Krasnoyarsk Krai and Zabaykalsky Krai) are situated there.
2010
2011
2012
2013
2014
Siberia
Far East
North West
Other
83,6
83,9
83,8
84,5
84,5
9,9
9,6
9,9
9,4
9,5
4,2
4,0
3,8
4,0
3,7
2,3
2,5
2,5
2,1
2,3
Coal production and upgrading in Russia by types
Up to 80% of coal produced in Russia is

presented by hard coal. Production of coking
coal in 2014 made up around 86 mln t or 24%
of the total. While almost all coking coal in
Russia is upgraded, upgrading level of steam
coal was only 27%.
2005-2014, mln t
300
250
200
Coking Coal
150
Upgrading of Coking Coal*

Steam Coal
100
Upgrading of Steam Coal*
50
* with import
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Source: Ugol Magazine
Largest coal producers in Russia

2013-2014, mln t
98,9
96,5
55,5
43,5
JSC Coal Company

"Kuzbassrazrezugol"
JSC Holding Company

SDS-Ugol
Russian coal industry is dominated by large coal mining and iron and
steel holding companies. The largest coal mining company of Russia JSC
SUEK in 2014 produced almost 28% of national output. The share of
top5 coal producing companies was 60%. The rest of national production
comes from around 20 minor producers.
Evraz
21,4
JSC Mechel Mining
2014
2014
2013
2014
2013
2014
2013
2014
2013
JSC SUEK
25,2
2013
21,8
20,4
2014
29,7
25,7
2013
43,9
53,3
Other

45
46
Top oal onsuming ountries
Russias share in world coal

consumption
2005-2013, mln t
20052013, %
Coal consumption growth in the world is slowing.

In 2013 it grew by 2% as compared with 2012.
Leading world consumer of coal, China (upto
50% of the total) is concentrated on energy
balance diversification, reduction of energy
intensity and limitation of greenhouse gas
emissions. Russian share in world consumption
of coal was 3%.
5
4
3
2
1
2005
2006
2007
2008
2009
2010
2011
2012
China
4000
3000
2000
1000
US
India
Germany
Russia
Japan
South Africa
2013
Supply of Russian coal to main

consumers
Average domestic coal prices

in Russia
2005-2014, mln t
2005-2014, rubles/t
In 2014 Russian companies increased coal supplies by 1% up to 322 mln t. Meanwhile

supplies to domestic market fell by 4% due to lower demand from electric power industry and population. Exports of coal from Russia augmented by 8%, imports
(mainly from Kazahstan) decreased by 16%.
In 2014 average domestic coal prices (either for hard steam coal or for
coking coal) in Russia stabilized at the level of the previous year.
Hard Steam Coal
Coking Coal
(Cost Price)
(Cost Price)
Hard Steam Coal
Coking Coal
(Purchase Price)
(Purchase Price)
350
6000
4000
300
84,1
Power Plants
2000
2005
250
200
150
100
38,3
Coking Plants
23,3
Supplies
to population
24,9
Other*
152,1
Export
2006
2007
2008
2009
2010
2011
2012
2013
2014*
* Preliminary Data
Russian investment to coal

industry
Investment in Russian coal industry decreased by 28% in 2014 to the level
of 2013. In the context of complicated economic situation in the country,
coal companies began to freeze their investment projects.
50
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
99,5
116,9
80,4
50
60,0
25,3
2005
2006
2007
2008
2009
2010
2011
* Iron and Steel Industry, Cement Industry, Russian Railways, etc.

2012
2013
58,0
Import
2014
2010
2011
2012
2013
2014

47
48
Structure of Russian hard coal exports by destination

2013-2014, mln t
30
25,8 China
25
24,0 UK
20
17,5 Other
16,2 South Korea
15
14,7 Japan
10
9,8 Ukraine
8,6
7,6
6,4
5,5
4,7
4,1
3,6
2,5
2,3
2013
2014
Turkey
Netherlands
Poland
Taiwan
Germany
Latvia
Finland
Israel
Belgium
Russian hard coal exports in 2014 reached 152 mln t (+8% to the level of 2013) though in
monetary terms there was a slight decrease to 11,6 bln $ (2%) as a result of falling coal
prices in the world. The largest volumes of coal from Russia went to China, UK, South
Korea and Japan. Eastern vector is a priority for Russian coal exports.
Top coal exporting countries
Russian share in world coal

exports
2005-2013, mln t
20052013, %
International coal trade grew by 4% in 2013 (tothe level of 2012). Approximately 90% of coal trade is
seaborne trade. Indonesia strengthened its position as the world leading coal exporter. Its share in
the world coal exports approached 32%. Russia preserved the third rank with 11% of world total.
15
Indonesia
Australia
Russia
US
Colombia
South Africa
Canada
10
400
300
5
200
100
2005
2006
2007
2008
2009
2010
World coal prices
World steam coal prices
2005-2013, $/t
2013-2014, $/t
2011
2012
2013
The world market for coal is overssuplied. In 2013 coal prices irrespective of coal type or region fell.
In 2014 they continued to decline so that steam coal prices approached their 5-year minimums.
CIF Japan
Japan Coking Coal
Import CIF Price
Japan Steam Coal

Import CIF Price
Asian Marker
Price
Northwest Europe
Marker Price
US Central Appalachian
Coal Spot Price Index
FOB Vostochny
CIF Europe
(Russia)
(Amsterdam-RotterdamAntwerp)
FOB Newcastle
FOB Richards Bay
(ustralia)
(South Africa)
110
250
100
200
90
150
80
100
70
50
60
2005
2006
Source:
2007
2008
2009
2010
2011
2012
2013
jan
mar
may
2013
jul
sep
nov
jan
mar
may
jul
sep
nov
2014
Source: Metal Expert

49
PETROCHEMICALS
There is a growth of investment and evolution
of import substitution in Russian petrochemical industry
Russian Energy 2014. Petrochemicals
52
Polymers production in Russia

in primary forms
Russian investment
to petrochemical industry
2005-2014, mln t
Growth of plastics production in Russia slowed to 3% in 2014. The reason was an accident
at Stavrolen plant in February which caused sharp decline in polyethylene production. Still ther
was considerable growth in polypropylene and polystyrene production. New vinylchloride plant
RusVinyl LLC opened in October (with the capacity of 300 tsd t per year).
140
123
123
2012
2013
97
Plasticsin Primary Forms

Polyethylene
Polystyrene
Vinylchloride
Polypropylene
5
2011
2014
In 2014 investment in Russian petrochemical industry increased by 14%

as compared with 2013 and totaled 140 bln rubles.
2005
2006
2007
2008
2009
2010
2011
2012
2013
Source: Ministry of Economic Development of the Russian Federation
2014
Changes in polymers production and consumption in Russia

2013-2014, kt and %
In Russian petrochemical industry a trend of import substitution is evolving. In 2014 Russia
continued to reduce imports of large-tonnage polymers and to raise their exports (with the exeption
of polyethylene). Nevertheless import dependance for certain items is still considerable.
Polystyrene
Vinylchloride
Polypropylene
Polyethylene
2500
2000
10%
estimated consumption
14%
production
1500
0%
9%
production
10%
19%
1000
2%
15%
500
13%
61%
2013
production
1%
import
16%
export
9%
production
import
import
export
2014
45%
2013
20%
22%
export
2014
2013
2014
import
export
2013
2014
Source: Ministry of Economic Development of the Russian Federation, Federal Customs Service of Russia
Russian Energy 2014. Petrochemicals
53
ELEC TRICIT Y
Total electricity consumption in Russia in 2014 was close
to the level of the 2013 year
Russian Energy 2014. Electricity
56
Installed power capacity in Russia

2008-2014, GW
248
26
250
200
Absolute growth of capacity in the

UES of Russia amounted to 6 GW
in 2014 (+3% to the level of 2013),
from 2008 to 2014 it was 21,8 GW
(+10,4% to the level of 2008). Total
installed capacity in Russia grew
at 23 GW from 2008 to 2014.
UES of Russia, total

UES of Russia, nuclear energy
48
UES of Russia, hydropower
159
UES of Russia, fuel energy
150
100
50
2008
2009
2010
2011
2012
2013
Source: Rosstat
2014
Additional power capacity in UES of Russia

in 2014: total and by the Capacity Delivery
Agreement (CDA)
Depreciation of fixed assets at the end of the

year: generation, transmission and distribution
of electricity
2008-2014, GW
2008-2013, by the end of the year, %
except CDA
CDA
economy, average
2,9
3,3
1,3
1,2
2008
2009
2011
30
2,7
2,6
2012
2013
20
10
1,0
0,5
2010
distribution
40
2,9
transmission
50
4,1
generation
5,0
2014
2008
2009
2010
2011
2012
2013
The installed capacity of power plants of UES of Russia in 2014 grew mainly due to fuel power
by the Capacity Delivery Agreement (65% of all entries), the rest of the growth was provided by
nuclearpower (1 GW) and hydropower (intotal 1,5 GW).
Depreciation of fixed assets in the electricity did not exceed the average level of all industries in
2013. Depreciation was 34% for the generation, 43% for transmission and 35% for distribution in
2013, but depreciation in all electricity sectors has tendency to grow.
Source: Rosstat
Source: Rosstat
Investments in generation, transmission and distribution of electricity in Russia*

20102014, bln rubles
Investment in electricity sector was roughly at the same level in 2014
in comparison to 2013
1000
800
75
102
144
102
600
264
298
73
distribution and trade

transmission
generation
282
266
186
400
200
382
346
525
466
406
*Investments in fixed capital without small enterprises and statistically unobservable

investments
2010
2011
2012
2013
2014
Source: Rosstat
Change of investments in electricity in fixed capital of Russia in 2014 in comparison to 2013*

2014 in comparison to 2013, %
absolute change to 2013 bln roubles
(constant prices)
per cent change,

physical volume, % to 2013
Generation, transmission
and distribution of electricity
0,3
Generation
59
13
Transmission
34
11
Distribution and trade
28
27
FRussian Energy 2014. Electricity
We can see reduction of investment in transmission and distribution, investment

in the production of electricity increased by 13%
*Investments in fixed capital without small enterprises and statistically unobservable

investments
Source: Rosstat
57
58
Average electricity price by consumers

(nominal prices)
2004, 2010-2014, rubles/kWh
Industry
Services
Agriculture
Transport
Households
3,6
3,6
2,2
2,2
1,6
1
Source: Rosstat
Electricity price for industry and households

and CPI in Russia
Electricity price for households exceeds the

price for industry.
price ratio (industry/households)
2004-2014, year by year, %

1,4
Electricity prices growth for different consumer groups was

no faster than the rate of inflation in 2014.
consumers price index
price for industry
price for households
1,2
30
25
1
20
15
10
5
0,8
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Source: Rosstat
Electricity consumption growth in the UES of Russia
There was an small increase of electricity consumption in 2014 by the level

of 2013, but it was because of relatively low base in 2013 (incomparison to
previous periods), and not of because economic growth. There was decline
in 2014 compared with 2012 level.
2004-2014, year by year, %
UES of Russia,
total
Central
Ural
Volga
North-West
South
Siberia
East
10
-5
-10
Source: SO-UPS
Industrial Production Index in Russia

and federal districts
Industrial growth had not led to an increase of electricity consumption

in 2014 in comparison to 2013.

2004-2014, year by year, %

Russia
Center
North West
South
North Caucasus
Volga
Ural
Siberia
Far East
15
10
5
0
-5
-10
-15
Source: Rosstat
59
Prepared by the Analytical Center for the Government

of the Russian Federation
www.ac.gov.ru

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RUS SI A N ENERGY 20 1 4

Release October 2015

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