Asian Russias Energy Complex in a Changing World

DOI: 10.20542/0131-2227-2021-65-12-101-108
The Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences. 17, Academician Lavrentyev Prosp., Novosibirsk, 630090, Russian Federation.
The Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences, 17, Academician Lavrentyev Prosp., Novosibirsk, 630090, Russian Federation.
The Institute of Economics and Industrial Engineering, Siberian Branch of the Russian Academy of Sciences, 17, Academician Lavrentyev Prosp., Novosibirsk, 630090, Russian Federation.

Received 08.08.2021.

Acknowledgements. The article is based on the results of a study conducted with the financial support of the Russian Federation represented by the Ministry of Science and Higher Education of Russia within the framework of a major scientific project “Socio-economic development of Asian Russia based on the synergy of transport accessibility, systemic knowledge of the natural resource potential, the expanding space of interregional interactions”. Agreement no. 075-15-2020-804 as of 02.10.2020 (grant no. 13.1902.21.0016).

Abstract. The article examines the current state and possibilities for development of the energy complex in Russia’s Asian regions (territories to the East of the Urals) under the constraints of the globally promoted energy transition agenda. The authors consider these issues mainly from the point of view of the extent to which the development of the energy complex in accordance with the UN Sustainable Development Goals and ESG (Environment, Sustainability, Governance) paradigm can ensure more sustainable socio-economic development of the vast Russia’s territory. It is shown that lagging behind in development of scientific and production services in the East of Russia, production of specialized machinery and capabilities for deeper processing of energy resources significantly reduces the chances of achieving both the sustainable socio-economic development and reduction of carbon intensity in the area. Developing of procedures and approaches for the institutional structure of government regulation and management of the energy complex in the East of Russia in order to exploit its huge energy potential plays an important role in solving these problems. That is hardly achievable without the formation of feedback between exports of energy resources and the projects aimed at changing the structure of the economy of Russia’s Asian regions. The authors believe that the currently observed rapid growth in demand for domestic primary energy resources in China and the Asia-Pacific Region as a whole should not be treated as a stable long-term trend and one should not be entirely guided by it when making and implementing longterm structural decisions. Also, in order to increase the stability of the energy complex of Russia’s Asian regions and Russian economy as a whole, it is necessary to develop projects based on the forward and backward linkages between various economic sectors and regions.

Keywords: Asian Russia, energy complex, ESG (Environment, Society, Governance), energy transition, institutional conditions, socio-economic development, Eastern vector


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For citation:
Kryukov V., Suslov N., Kryukov Y. Asian Russias Energy Complex in a Changing World. World Eonomy and International Relations, 2021, vol. 65, No 12, pp. 101-108.

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