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    Russia adopts new energy strategy

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    The Russian government approved on Thursday a national energy strategy until 2030 that envisages raising oil output up to 530-535 million metric tons from last year's 488 million.

    The Russian government approved on Thursday a national energy strategy until 2030 that envisages raising oil output up to 530-535 million metric tons from last year's 488 million.

    It also envisages increasing natural gas production to 885 bcm -940 bcm from 664 bcm in 2008 and pushing electricity exports to 45-60 billion kW/hr from 17 billion in 2008.

    The strategy also aims to reduce Russia's energy dependence by boosting a faster growth of sectors consuming less energy and using the technical potential of energy saving.

    Under a government resolution, the new energy strategy will replace the previous one valid until 2020.

    The ministries of Energy, Economic Development and Natural Resources as well as state-run nuclear power corporation Rosatom have been instructed to secure the implementation of measures under the new strategy and make annual reports to the government.

    MOSCOW, November 26 (RIA Novosti)