The Future of the Electricity Industry: How Power Systems and Consumers Are Set to Change
Experts predict that global demand for electricity will increase by 2530% in the next 2030 years. The main sources of growth in demand will be residential and commercial properties, as well as industry and transport. Geographically speaking, India and Africa are set to see the fastest growth rates, whereas in OECD countries demand is expected to remain stable due to the development of the digital economy and improvements in energy efficiency, which is counterbalancing electrification. Nonetheless, the accuracy of these predictions remains in doubt due to a large number of uncertainties. Discussions are ongoing with respect to how rapidly electric car use will spread and new technologies for storing and transmitting energy will be implemented; how competitive generation from renewables will be once state subsidies from European countries come to an end; and how quickly environmental standards for energy companies will be toughened. How are different countries realizing their energy strategies in order to ensure energy security in these new times? What steps must Russia take to maintain its existing competitive advantages and leading positions in energy resource and technology markets? How will electricity demand and consumption change over the next 30 years? Breakthrough technologies in electricity: can we expect a black swan? Stimulating innovation in electricity: whose job is it? How is Russias power supply system set to change?
The Global Gas and Petrochemical Markets: Opportunities for Russia
The global gas and petrochemistry industry is growing at a rate consistently above world GDP. The sector is generating a stream of innovation which is transforming the outlook of the entire economy, increasing demand for the output of related industries, and creating new jobs and opportunities for processing companies. In Russia, the intensive development of petrochemistry has offered a response to the issue of import substitution and helped to launch new kinds of products on international markets. Furthermore, major industry projects have provided a platform for economic development in various regions of the country, including Eastern Siberia and the Russian Far East. At the same time, the global gas and petrochemicals sector is facing new challenges. The surplus in global capacity at a time of slowing economic growth and tougher environmental requirements is causing the markets for petrochemical products to remain volatile, with access to new markets limited by creeping protectionism. What trends will determine the development of the gas and petrochemicals sector over the next 30 years? How can Russian gas and petrochemicals companies ensure that their products remain competitive in key markets? What reserves do Russian manufacturers have for cutting costs: geographically diversifying sales, digitization, R&D, developing new advanced materials, other measures?
The Gas Exporting Countries Forum (GECF) brings together the worlds leading natural gas producers and exporters. The main objective of cooperation between GECF participants is to ensure reliability and security in supply and demand for gas and other energy resources. Russia attaches great importance to working with other gas exporting countries in the Forum, which was created to help achieve coordination between the countries with the most significant reserves of blue fuel.
Russian–European Cooperation: The Path to Global Improvements in Energy Efficiency
Experts view energy efficiency as an important priority in global energy policy. Energy security and environmental safety, combatting climate change and ensuring access to energy all depend on it. However, despite energy saving measures adopted in recent decades, some 70% of global energy consumption still pays no attention to energy efficiency. Changes in the global energy situation primarily the drastic drop in prices for traditional energy sources and the US exit from the Paris agreement raise doubts over the global communitys resolve in optimizing energy consumption in the near future. In this regard, cooperation between the leading economies of the Old World Russia and the EU member states on effective energy use and ensuring a switch to green energy is particularly important. What are the fundamental issues in this cooperation and which tools are best? What are the barriers for this cooperation: how significant are they and how can they be overcome? What role should business play? Which energy efficiency technologies will be most in demand and how can integration between Russia and the EU be achieved in the field of technology? What are the perspectives of energy sector modernization in Russia? What kind of technological strong points may become its basis?
The Role and Potential Development of Nuclear Energy in the Global Energy Mix
Current trends in the development of the world economy are focused on creating a new energy system that will entail a shift towards a careful and responsible approach to consuming the Earths resources through balancing technological development and preserving the natural environment. Building this low-carbon future will be impossible without developing nuclear power, one of the key components of green energy, a point that was particularly focused on during the Paris Climate Change Conference in 2015. Currently, only 30% of global energy is low-carbon energy, and 11% of this comes from nuclear power plants. How are specific countries and companies investigating options for achieving the optimal energy mix of the future, including through a combination of nuclear power and renewable energy sources? What environment needs to be created and what kind of efforts need to be made in order to develop nuclear energy, which could include the use of international cooperation mechanisms? Which aspects of developing nuclear energy require particular attention when launching and implementing a nuclear programme for long-term sustainable development?
The Future of the Coal Industry against the Background of a New Climate Agenda
Tougher environmental requirements and an expected reduction in coals contribution to electricity generation on the European and Asian markets have become substantial challenges for everyone involved in the coal industry. In response to these new challenges, coal producers are actively implementing more environmentally friendly technologies, attempting to occupy new product niches, and increasing product quality. Technologies for generating electricity and chemicalizing coal are being improved. The Russian coal industry is continuing to restructure itself, create new coal extraction centres in the east of the country, and develop rail and port infrastructure to better support exports. At the same time, the growth of inter-fuel competition and market volatility is reducing the effectiveness of industry forecasts. Is the accessibility of coal, coupled with the development of clean energy and chemical technologies, enough to maintain demand for coal in future? With its lower cost in comparison to other fuels, does coal provide more opportunities to alleviate the problems of energy poverty in countries with an energy deficit? What share of coal in the fuel mix can be considered environmentally sustainable at present levels of industrial development?
Since oil prices fell in 2014, global producers have found themselves at a crossroads: should they help to balance the oil market by voluntarily limiting production, or continue to compete for market share, taking advantage of the exit of producers with high production costs? A number of countries, including both members and non-members of OPEC, have chosen the first option, and, as a result of voluntary limits on production, have succeeded in temporarily stabilizing prices. Other countries, which again include both members and non-members of OPEC, have taken advantage of the situation to expand into markets that are now less populated. Market unease is being contributed to by growing competition in the use of new production technologies and in energy consumption, which in the long term could significantly alter the energy balance and the configuration of the oil market.
What are the strategic consequences of tactics chosen in the face of the oil market surplus? What influence is oil market competition having on the spread of alternative energy sources and technologies; in particular, electric vehicles? What mechanisms for regulating the oil market cartel agreements, sanctions, or international cooperation demonstrate the greatest potential? What approach should oil market participants adhere to in order to make maximum use of their existing competitive advantages in production costs, geography, or infrastructure? Which is more important in the long term the market or prices?
Third MediaTEK All-Russian Contest for the Media, Energy Sector Press Services, and Regional Administrations*
The contest is open to federal and regional media organizations, journalists, corporate public relations departments in the fuel and energy sector, and regional administrations. Its main aims are to encourage increased professionalism in the way energy companies publicize their activities in the media, inform the public about projects in the fuel and energy sector, prompt new projects to raise awareness of professions in the fuel and energy sector, and emphasize the significance of the roles played by workers in the energy, oil, and gas industries. The results of the contest will be announced at the Russian Energy Week Energy Efficiency and Energy Development International Forum.
* The list of competition winners taking part in the awards ceremony on October 4, 2017 must be confirmed by the MediaTEK Federal Organizing Committee: firstname.lastname@example.org. The awards ceremony will continue on October 5, 2017 as part of the Russian Energy Week Forum business programme.
Foreign energy policy is a key strategic priority for the Russian Federation. Its efforts in this area are not only helping to forge mutually beneficial trade links, but also ensuring energy security for the country and its partners. The implementation of international projects is strengthening the position of Russian companies in markets of interest, and raising the general level of competitiveness in the Russian energy industry. Furthermore, international cooperation in energy is helping to address current challenges in economic policy:
• Creating common energy markets within the Eurasian Economic Union
• Establishing the legal and political conditions in Europe for the smooth transit of Russian energy resources
• Developing transport infrastructure, reducing transit risks, and ensuring the competitiveness of Russian fuels
• Improving the efficiency of economic integration with countries in the Asia-Pacific region and increasing the supply of energy resources to growing Asian markets
• Promoting Russian interests in the outcomes of high-level multilateral events
Issues for discussion:
• The globalization of markets and globally responsible energy policy mutual influence and problems?
• Foreign energy policy as a system of long-term priorities and actions. The need to coordinate efforts to ensure predictability in global energy development.
• Russian foreign energy policy in a new environment: traditional and new directions.
• Alternative views of Russias role in global energy. New drivers behind traditional areas of foreign energy policy.
• Cooperation between Russian and foreign energy companies what are the new roles and mutually beneficial prospects?
• The priority of economic viability in a time of sanctions. Attempting to work with foreign partners to adapt to negative conditions.
• Cooperation at the level of international organizations positioning Russia and its potential contribution to a sustainable energy future?
• The role of old (OPEC, IEA) and new (IRENA, GECF) international organizations in the energy sector. Increasing the role of multilateral cooperation formats.
Developing Renewable Energy Sources in Russia: Scaling Up and Exporting Technology
Thanks to a systematic state policy and the active approach taken by leading companies, domestic renewable energy development is gaining momentum with every passing year. The number of new renewable energy facilities being commissioned is increasing, and these are smoothly taking their place in the national power grid and in isolated energy regions. New domestic technologies are being developed. Photovoltaic cells based on advanced Russian heterostructure technology have entered production this year. A number of major players have now entered the wind power sector, and have announced their intentions to localize high-tech manufacturing in Russia. International cooperation in science and technology is expanding rapidly, enabling the development of Russian renewable energy technologies that are in demand both at home and abroad. As a result, Russian renewable energy players are announcing plans to enter export markets. The Russian renewables sector as a whole is transitioning to a new phase of development. What position in Russias energy mix will renewable sources occupy after 2024 and in the longer-term strategic perspective? What are the factors influencing the development of renewables in different sectors: on the wholesale and retail electricity and power markets, in distributed generation, and at the household level? In what areas should efforts be concentrated to achieve integrated development in the renewables sector, and how can state support for the sector be transformed accordingly? What practical steps must be taken to ensure the continued development of Russian technologies and the export of solutions based on them? Who could become an ally of Russian scientific and technological centres and manufacturers of equipment for sale on the European, Asian, and American markets?
Open Session of the Housing Reform Assistance Fund Supervisory Council
The Housing Reform Assistance Fund engages with the challenges of providing state support to resettle citizens from emergency housing, modernize communal infrastructure, implement energy-efficient technologies, and improve energy conservation in the housing and utilities sector, including by carrying out major repairs on apartment buildings. However, its period of operations is drawing to a close. Continuing to engage with these challenges in the long term, while taking into account the need to attract private funding to meet the goals of modernizing the housing and utilities sector as a whole, is at the heart of the present-day agenda for the sector and everyone involved in it. What has the Housing Reform Assistance Fund achieved in terms of developing the sector? What successes have been seen so far? Does the sector require continued state support? Who will implement this, and how? Is it important to create a separate development institute for the housing and utilities sector? What tools should be used to ensure the continued development of the sector? How can the investment climate in the sector be improved and private capital attracted to address these fundamental problems? During this open session, the Housing Reform Assistance Fund Supervisory Council plans to discuss the basic outcomes of the Funds efforts to engage with the challenges described, together with proposals from expert working groups on improving the investment climate in the Russian housing and utilities sector between 2018 and 2025, and to devise approaches and proposals for further development in the sector.