Bird's-eye View Of Russia

• Energy
In recent years, Russia has frequently been described in the media as an energy superpower. The country has the world's largest natural gas reserves, the 8th largest oil reserves, and the second largest coal reserves. Russia is the world's leading natural gas exporter and leading natural gas producer, while also the largest oil exporter and largest oil producer, though Russia used to interchange the latter status with Saudi Arabia until 2008. On 1 January 2011, Russia said it had begun scheduled oil shipments to China, with the plan to increase the rate up to 300,000 barrels per day in 2011.
Russia is the 3rd largest electricity producer in the world and the 5th largest renewable energy producer, the latter due to the well-developed hydroelectricity production in the country. Large cascades of hydropower plants are built in European Russia along big rivers like Volga. The Asian part of Russia also features a number of major hydropower stations, however the gigantic hydroelectric potential of Siberia and the Russian Far East largely remains unexploited.
Russia was the first country to develop civilian nuclear power and to construct the world's first nuclear power plant. Currently the country is the 4th largest nuclear energy producer, with all nuclear power in Russia being managed by Rosatom State Corporation. The sector is rapidly developing, with an aim of increasing the total share of nuclear energy from current 16.9% to 23% by 2020. The Russian government plans to allocate 127 billion rubles ($5.42 billion) to a federal program dedicated to the next generation of nuclear energy technology. About 1 trillion rubles ($42.7 billion) is to be allocated from the federal budget to nuclear power and industry development before 2015.