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[5] [6] Russia relies on energy revenues to drive most of its growth. Russia has an abundance of petroleum , natural gas and precious metals , which make up a major share of Russia's exports. As of 2012 [update] the oil-and-gas sector accounted for 16% of the GDP , 52% of federal budget revenues and over 70% of total exports.
On 23 November 2000, the government approved the main provisions of the Russian energy strategy to 2020. On 28 May 2002, the Russian Ministry of Energy gave an elaboration on the main provisions. Based on these documents, the new Russian energy strategy up to 2020 was approved on 23 May 2003 and confirmed by the government on 28 August 2003.
Novatek is a public company with shares traded on the Moscow stock exchange. The company delisted from the London Stock Exchange in March 2023. [29] The major shareholders of Novatek are Leonid Michelson, the CEO, with around 28% of the shares, Gennady Timchenko's Volga Group with 23% of shares, Total S.A. with 16%, and Gazprom with 9.4%.
The list of strategic organizations of Russia was developed by the Government Commission on Sustainable Development of the Russian economy in December 2008. [ 1 ] Listed organizations are regarded as priority objects of government support in the event of a crisis.
The United States and United Kingdom unveiled what they say are the harshest sanctions targeted at Russia’s energy sector since Moscow’s troops began a nearly three-year-old war on Ukraine in ...
Following the Decree of the President of the Russian Federation of 5 November 1992, and the Resolution of the Government of Russia of 17 February 1993, Gazprom became a joint-stock company. [14] Gazprom began to distribute shares under the voucher method. (Each Russian citizen received vouchers to purchase shares of formerly state-owned ...
LNG forms part of Russia's long term Energy strategy. In 2013 private Russian companies were authorized to export LNG. In 2013 private Russian companies were authorized to export LNG. An increase in production capacity from 2017 saw a threefold increase in exports from 11 to 33 million tons per annum (MTPA) by 2022.
Russian energy company Gazprom has several hundred subsidiaries and affiliated companies owned and controlled directly or indirectly. The subsidiaries and affiliated companies are listed by country. The subsidiaries and affiliated companies are listed by country.