VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN

Working Day

9 february, 2011 16:51

Prime Minister Vladimir Putin holds a meeting in St Petersburg on the performance of Russia’s fuel and energy sector in 2010 and its objectives for 2011

Prime Minister Vladimir Putin holds a meeting in St Petersburg on the performance of Russia’s fuel and energy sector in 2010 and its objectives for 2011
“I have ample reasons to thank you for the results of 2010 – the shareholders of our major companies, the workers, the engineers, and everyone who contributed to our coa industryl, power engineering, nuclear power, oil and gas sectors <…> and I hope that we won’t see any more setbacks like the price hikes we witnessed and that the Federal Antimonopoly Service will prepare its proposals regarding transparent market pricing according to the relevant market reference points.”
Vladimir Putin
At a meeting in St Petersburg on the performance of Russia’s fuel and energy sector in 2010 and its objectives for 2011

The Russian fuel and energy complex increased its quantitative and qualitative indicators in 2010. In 2010 Russia produced 2.2% more oil than in 2009, mainly due to opening three major oilfields in Eastern Siberia (Vankorskoye, Talakanskoye, Verkhnechonskoye) and increased extraction at new fields in the Timano-Pechora province (Yuzhno-Khylchuyuskoye) which was aided by the tax and customs breaks offered by the state. In October 2010 daily oil output reached 1,400,900 tonnes, an all-time high in the post-Soviet era.

Russia's oil exports in 2010 were 246.8 million tonness. The introduction of the first section of the Eastern Siberia-Pacific Ocean Oil Pipeline and the development of new oil production centres in Eastern Siberia and the Far East changed the balance of Russian oil distribution: oil exports to Western Siberia dropped a little and exports to the Asia Pacific countries increased by 44.6%.

In 2010 oil refining in Russia increased 5.5% to 248.8 million tonnes, with gasoline accounting for 36.0 million tonnes, diesel fuel for 70.3 million tonnes, aviation fuel for 9.1 million tonnes and fuel oil for 69.8 million tonnes.

Petroleum products began being traded on the exchanges in 2008, and the trading volume has been increasing gradually: in 2010 7.6 million tonnes of petroleum products were sold at exchanges (compared with 2.2 million tonnes in 2009).

The total gas output in 2010 was 650.3 billion cubic meters, up 11.5% on 2009. Supplies of gas (including Central Asian sources) increased 6.9%, of which 7.6% was exported. The contract price of Russian gas in the Western European countries increased by 14.9% in 2010.

Coal output in 2010 was 323.0 million tonnes (6.8% more than in 2009). The main growth was centered in eastern Siberian (including Kansk-Achinsk field), the Western Siberian and Far Eastern economic regions.

The suspension of production at the Raspadskaya coal mine after the accident on May 8, 2010 and wide-scale inspections of the technical condition of mines caused a drop in underground coal production.

In 2010 Russia generated over a trillion kilowatt-hours of electricity, an increase of 4.3% over 2009. Thermal power generation increased 3.7% compared with 2009.

In June 2010 the Government of the Russian Federation approved adjustments to the Master Plan for the Location of Power Generating Facilities until 2025 and for the Planning Period Until 2030. The Energy Ministry approved the investment programmes of 17 power generating facilities. Investments in these government-owned energy companies in 2011 amounted to 788 billion roubles, 37% more than in 2010 (574 billion roubles).

Plans for the power supply at the Olympic facilities in Sochi 2014, the APEC Summit in 2012 and the Eastern Siberia-Pacific Pipeline have been developed and approved.

In 2010 12 contracts were signed with GE and Alstom on localization of energy equipment production in Russia. A joint venture between GE and Inter RAO UES was created.