The Power export in Russia reached 7,906 GWh in 2020
The indicator recorded a historical decline at a CAGR of 12% between 2017 to 2020
Why did Russia’s power export decline in 2020?
Russia is a net exporter of electricity. It exported more electricity in 2000 than imported. In 2020, the country exported more electricity compared to imports. In 2010, electricity imports were significantly slow compared to the total electricity exports as power generation in the country increased significantly. Electricity exports declined in 2020 as compared to 2019 as the annual power generation declined in 2020 as the COVID-19 pandemic resulted in reduced power demand.
Grid Interconnection
Russia has extensive grid interconnections with the neighboring Baltic nations of Estonia, Latvia, and Lithuania, as well as Belarus, Ukraine, Kazakhstan, Azerbaijan, Norway, Mongolia, China, and Finland. Russia imports and exports electricity to its neighboring countries based on demand. Inter RAO UES is responsible for the export and import of electricity in the country.
Supply Security
Russia is an electricity-exporting nation. In fact, it has been consistently exporting electricity over the past decade. The country has immense reserves of natural gas, oil and coal, and is a major producer of uranium. Hydropower and other renewables also have good potential in Russia. Siberia is estimated to have around one-fifth of the world’s forest cover, and this offers major scope for biomass. Due to its vast mineral reserves, energy policy decisions taken by the Russian authorities often have far-flung repercussions on the energy policies of not only in the rest of Europe but worldwide.
Related Companies
Gazprom Group
Gazprom is an integrated global oil and gas company. It carries out the exploration, production, transportation, storage, processing and marketing of natural gas, gas condensate and crude oil. The company also sells gas as a vehicle fuel and participates in the generation and marketing of heat and electricity. It owns the gas trunklines integrated in the Unified Gas Supply System (UGSS) of Russia. The company sells more than half of overall gas produced in Russia and exports gas to countries within and outside the former Soviet Union. It also produces and exports liquefied natural gas. Gazprom is headquartered in Moscow, Russia.
France
Germany
Germany
Italy
France
Japan
South Korea
Spain
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer
Contact the team or request a demo to find out how our data can drive your business forward