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As part of his participation in the Youth Day of the Russian Energy Week international forum, the Deputy Prime Minister spoke about the current trends in the energy transition in the Russian energy sector and answered questions from students and young professionals.

The current stage of Russia’s energy transition should be used to strengthen its position as a leader in the production and supply of energy resources to the world market and to achieve technological leadership. This was announced by Deputy Prime Minister Alexander Novak as part of his participation in the Dialogue as Equals session organized by the Russian Knowledge Society as part of the Youth Day of the Russian Energy Week international forum.

According to the Deputy Prime Minister, no energy power can afford to ignore the energy transition. “Over the past 250 years, this is the fourth energy transition. And for our country, which is a leading world power in the field of energy, it presents a great chance to become technological leaders, to ensure the diversification of both traditional and the development of new clean energy, thereby creating a new order for our science and industry, “added the vice prime minister.

The development of this trend primarily depends on the rate at which new technological developments appear, continued Alexander Novak. To fully comply with the current trends in the global energy market and maintain Russia’s strong positions, the Government approved a number of strategic planning documents, in particular the Energy Strategy for the period until 2035, he recalled. “The strategy covers a number of areas of both traditional energy – the production of LNG, petrochemicals, and its pure areas – the development of renewable energy sources, nuclear generation and hydrogen, which in the future will take a significant share in the energy balance. Our industry is ready to participate in the energy transition, enterprises are working with science, scientists, Russia has built up a lot of groundwork in these areas since Soviet times, so this is a great chance for us to attract new investments. In order to remain the leaders in the world markets, it is important to work on the diversification of the energy sector, ”he stressed.

During his speech at the Youth Day, Alexander Novak assessed the potential of the Russian fuel and energy complex in the global energy transition, focusing, in particular, on nuclear energy. In his opinion, the atom has a high energy potential as a fairly clean source of energy. “This generation is one of the cleanest energy sources and is in second place in terms of CO2 emissions after wind power. I am confident that this source will occupy one of the dominant places in the future energy sector. On behalf of the President, the Russian energy industry is working to increase its share in the total energy balance from the current 20% to 25% by 2040. We are considering the construction of new modern blocks. New directions will be the introduction of waste-free technologies of a closed nuclear cycle, as well as the development of units with a capacity of 5 to 100 MW, which will allow us to provide atomic energy to small settlements, ”Alexander Novak told the youth.

Moving on to the development of alternative energy sources and electric transport, the Deputy Prime Minister noted the increasing role of experiments in creating large energy storage units, as well as the general trend for the development of electric refueling infrastructure networks – without it, the spread of electric transport will be significantly slowed down, the Deputy Prime Minister emphasized. “As part of the development of the Strategy for Social and Economic Development and the list of strategic initiatives previously approved by Prime Minister Mikhail Mishustin to achieve national goals, a program for the development of charging infrastructure has already been adopted, money will be allocated to support and subsidize it,” said Alexander Novak. It is also important not to forget about the development of lithium deposits, which is important in the context of battery production, he recalled.

At the same time, the development of batteries makes the issues of disposal of used elements, in particular, solar power plants, more and more urgent, which is becoming another challenge for the world energy in the era of energy transition, the Deputy Prime Minister continued. “Even when melted in furnaces, the SES elements do not completely decompose, this issue needs to be resolved in the near future,” he added.

To address these and other issues, the fuel and energy sector and its companies are constantly working with universities, scientific organizations and institutes, representatives of business associations and subjects of the country, as well as on their own low-carbon development strategies. “Many oil companies in their strategies already prescribe tasks to reduce CO2 emissions, on the climate agenda, and develop technologies that can become the basis for increasing export potential. We also conduct international cooperation; Germany, Australia, South Korea, Japan are interested in cooperation with us and have corresponding agreements. Such cooperation allows developing competencies, sharing experience and, accordingly, accelerating the process of introducing new technologies, ”said the Deputy Prime Minister.

During his speech, the Deputy Prime Minister outlined the prospects for the oil and chemical industry in the future clean energy market. According to him, today Russia is already developing a number of projects for deep processing of hydrocarbons in several regions at once.

At the end of the session, Alexander Novak awarded the winners of the Breakthrough Energy hackathon, organized by the Global Energy Association in partnership with the Moscow Power Engineering Institute (NRU MEI) and the Gubkin Russian State University of Oil and Gas.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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