Published on: 2026-10-16
Source: Government of the Russian Federation –
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Deputy Chairman of the Government of Russia Alexander Novak spoke at the plenary session “Resilience as a Response to Geopolitical Shocks” during the final day of the international forum “Russian Energy Week.”
The event was attended by Minister of Energy Sergey Tsivilev, Minister of Energy and Natural Resources of Turkey Alparslan Bayraktar, Advisor to the President of the Republic of Kazakhstan Magzum Mirzagaliyev, Deputy Prime Minister of the Republic of Belarus Viktor Karankevich, as well as the Special Representative of the President of Russia for Investment and Economic Cooperation with Foreign Countries, CEO of the Russian Direct Investment Fund Kirill Dmitriev, CEO and Chairman of the Board of Rosseti Andrey Ryumin, Chairman of the Board of Gazprom Neft Alexander Dyukov, and CEO of the State Corporation Rosatom Alexey Likhachyov.
Welcoming the participants of the ninth Russian Energy Week, Alexander Novak listed the challenges faced by the global energy sector: geopolitical conflicts, restructuring of world trade, underinvestment in traditional energy. According to him, a new challenge has emerged in the form of the crisis in the Middle East: due to disrupted navigation in the Strait of Hormuz, significant volumes of energy resources were unable to reach the markets, and the costs of freight and insurance increased several times over.
“The shock we experienced this year, and the shocks of the past 15 years, one way or another lead to more individual decisions being made to protect one’s own energy security. But, in my opinion, this is the wrong trend, because only through cooperation, only through joint actions can global energy security be ensured. A good example is OPEC+, a good example is the Gas Exporting Countries Forum,” noted Alexander Novak. He added that Russia remains a reliable supplier. Today, long-term relationships are being built with countries in the Asia-Pacific region, and Russia is ready to participate in balancing energy markets.
Sergey Tsivilev reminded that energy in the Energy Strategy of the Russian Federation for the period up to 2050 is divided into four sectors – oil, gas, coal, and electric power. According to him, forecasts of the imminent end of the hydrocarbon era have not been confirmed: in aviation, maritime transport, and cargo transportation, the need for oil fuel will remain for many years, and 80% of energy is generated from fossil resources. The Minister of Energy of the Russian Federation also touched on the subject of coal generation and noted that Russia has coal reserves sufficient for more than 500 years and that it will be used for a long time.
Kirill Dmitriev, commenting on the recent diesel fuel deal between Russia and the United States, which will help stabilize the global petroleum products market through supplies of Russian fuel, said that this is one of the areas of cooperation between the two countries. Regular work is also ongoing on projects in the Arctic, LNG sector, and energy.
Alparslan Bayraktar stated that the Republic of Turkey annually consumes about 60 billion cubic meters of gas, 50 million tons of oil and petroleum products, and 40 million tons of coal, most of which is imported. In response to the growing demand and dependence on imports, the Turkish Minister of Energy and Natural Resources named diversification and continuous investments in infrastructure, including projects implemented with Russia.
“Can you imagine what it would be like if today we did not have the ‘Turkish Stream’? Previously, we received gas via transit, and today we have a direct line from Russia along the bottom of the Black Sea. All the infrastructure is ready, now it needs to be fully utilized,” noted Alparslan Bayraktar.
In conclusion of the session, Alexander Novak emphasized that energy is the foundation of the economy: if shocks occur in this sector, they affect the economy as a whole.
“To ensure energy sustainability, it is necessary to work together, increase cooperation between our countries, secure stable long-term contracts, and implement joint projects. Investments are also important because energy demand will only grow with the development of artificial intelligence technologies, data centers, and air conditioning systems. And certainly, technological sovereignty is important so as not to depend on the requirements and standards of other countries. Russia, by the order of the President, is already following this path today and is ready to offer its partners the way to technological independence,” emphasized Alexander Novak.
Also, at the end of the third day of REN, the Deputy Prime Minister inspected the exhibition at the Central Exhibition Hall “Manege.” The stands of the companies “T Plus,” “Transneft,” “Novatek,” “A7,” as well as the pavilion of the Republic of India, showcased developments and solutions for managing heat networks and generation, energy saving and increasing energy efficiency, interactive stands through which one can learn about the companies’ areas of activity.
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