Liquid fuels demand forecast Russia 2040, by scenario

Under the conservative scenario, the volume of liquid fuels demanded in Russia was forecasted to increase by 16 million metric tons of oil equivalent between 2015 and 2020. Among different expectation scenarios, the lowest demand was predicted in the energy transition situation, suggesting no technical revolutions and an energy framework of current trends, measuring at 128 million metric tons of oil equivalent.

Demand for liquid fuels in Russia in 2015 with a forecast until 2040, by scenario* (in million metric tons of oil equivalent)

Characteristic	Reported data	Conservative	Innovative	Energy Transition
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Release date

June 2019

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Region

Russia

Survey time period

2015

Supplementary notes

* According to the source, the conservative scenario "describes the prospects for world energy in the framework of current technological and regulatory trends. There are no technological revolutions."

The innovative scenario "is based on the premise of accelerated development of new technologies and their transfer from the developed to the developing countries at a rate twice as fast as now." It "assumes strengthening of the already adopted national priorities in promoting renewable energy sources, supporting electric transport and boosting energy efficiency."

The energy transition scenario "envisions that in addition to rapid development of new technologies and their falling costs, there will also be extensive governmental support in the form of direct financial subsidies, standards for producers, ambitious targets, etc." It "projects that priority will always be given to zero or low-carbon technologies."

** Forecasted data.

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