Russia's 2050 Energy Strategy envisages reorienting exports to friendly markets, accelerated oil and gas processing

MOSCOW. April 14 (Interfax) - Russia's Energy Strategy to 2050 accounts for existing challenges, which should enable the oil, gas and coal sectors, the electricity industry, power machinery manufacturing and related transportation to better align with global changes, Prime Minister Mikhail Mishustin said while announcing the update to the document.

The strategy's measures aim to accelerate development of oil and gas processing, expand the regional gas infrastructure development program, ensure sufficient petroleum product supply on the domestic market at affordable prices for all consumer categories, accelerate implementation of infrastructure projects, create conditions for redirecting oil and gas supplies to new markets in friendly countries, increase oil transshipment capacity in Arctic and Far Eastern ports, actively utilize the Northern Sea Route's potential, and accelerate integration of the Power of Siberia and Sakhalin-Khabarovsk-Vladivostok gas transportation systems with the unified gas supply network.