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On September 18, Russian media revealed the country's 2035 energy strategic plan, which means that Russia's oil exports to the Asia-Pacific region will double to 110 million tons
per year by 2035.
The document said that Russia's competitive advantage in energy resources brought by the depreciation of the ruble will be weakened
in several years by high capital prices and external investment and technological constraints.
This requires greater flexibility in export policy, decentralization of export products and export directions, and, most importantly, a significant reduction in the costs
of Russian oil companies.
Domestic and foreign oil supply and decentralization will be consolidated, with the supply of crude oil to the Asia-Pacific market doubling (from 51 million tons to 110 million tons per year),
according to the document.
In addition, the document stipulates that condensate production should be stabilized at 525 million tons per year, and that it should be expanded if the domestic and foreign market environment so
requires.
On September 18, Russian media revealed the country's 2035 energy strategic plan, which means that Russia's oil exports to the Asia-Pacific region will double to 110 million tons
per year by 2035.
The document said that Russia's competitive advantage in energy resources brought by the depreciation of the ruble will be weakened
in several years by high capital prices and external investment and technological constraints.
This requires greater flexibility in export policy, decentralization of export products and export directions, and, most importantly, a significant reduction in the costs
of Russian oil companies.
Domestic and foreign oil supply and decentralization will be consolidated, with the supply of crude oil to the Asia-Pacific market doubling (from 51 million tons to 110 million tons per year),
according to the document.
In addition, the document stipulates that condensate production should be stabilized at 525 million tons per year, and that it should be expanded if the domestic and foreign market environment so
requires.
