Outlook 2022: Russia plays catch-up
The Eurasian giant has announced an aggressive decarbonisation plan while striving to relieve Europe’s power crunch
Russia’s 2035 energy strategy, released last year, failed to mention climate change, but the country has undergone a sea-change in its approach to decarbonisation over the subsequent 18 months. In April, President Vladimir Putin included environmental and climate issues as a priority for his country’s development for the first time in his state of the nation address, while also adding the climate emergency to Russia’s National Defence Strategy. In July, Putin signed legislation limiting greenhouse gas emissions for private enterprises and, in November, Prime Minister Mikhail Mishustin announced an ambitious decarbonisation strategy—although slightly watered down from the initial draft drawn
Also in this section
26 February 2026
OPEC, upstream investors and refiners all face strategic shifts now the Asian behemoth is no longer the main engine of global oil demand growth
25 February 2026
Tech giants rather than oil majors could soon upend hydrocarbon markets, starting with North America
25 February 2026
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
25 February 2026
The surge in demand for fuel and petrochemical products in Asia has led to significant expansion in refining and petrochemicals capacities, with India and China leading the way






