It is necessary to reduce costs and try to make the energy economy more efficient

20 april 2015 | RBC-TV

Leonid Grigoriev, the Chief Adviser to the Head of the Analytical Center, gave an interview to RBC-TV at the Moscow International Energy Forum.

Leonid Grigoryev
Leonid Grigoryev
Chief Adviser to Head of the Analytical Center

The expert spoke about the role of the Fuel and Energy Complex in modernization of the economy. "We produce 10% of world primary energy, we export about half of this volume, and the rest we use ourselves. As a result, neither can be refused", said Grigoriev. According to the expert, during the crisis, with a slowdown in demand all over the world producers are modernizing, lowering costs and increasing efficiency of any product. "Europe buys our gas, and therefore the share of Gazprom in Europe has increased in recent years. So, things are not so bad, but prices have fallen, so we need to reduce costs and try to make the energy economy more efficient. And this area will be the driver, because sanctions force us to do things which could have been done voluntarily, and now we will do it forcibly", said Mr. Grigoriev.

The expert also noted that 2015 will be fairly stable in oil prices. "We need to tune in to $60 p/b, and then to $70-80. Prices will rise", considers the expert.

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