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Russia’s energy saving measures may boost GDP by extra 2-3%

November 21, 2013, 13:16 UTC+3 MOSCOW

These are expert assessments, according to Russia's Energy Minister Alexander Novak

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Energy Minister Alexander Novak

Energy Minister Alexander Novak

© ITAR-TASS/Sergei Karpov

MOSCOW, November 21. /ITAR-TASS/. Energy saving measures may ensure an additional growth of the GDP in Russia by 2-3%, Energy Minister Alexander Novak told reporters on Thursday.

“Those measures that we are considering to boost energy efficiency may ensure an additional growth of the GDP from 2% to 3%. These are expert assessments,” he said, adding that Russia’s energy efficiency strategy would be actualised until 2035 and a new strategy would be ready during the first six months of 2014.

Earlier, Deputy Energy Minister Kirill Molodtsov told the Gas of Russia forum that Energy conservation measures will help Russia save 160 billion cubic metres of gas a year, or almost a third of gas consumption in the country.The mentioned measures will allow to save about 200 million of equivalent fuel by 2020, which is equal to 20% of energy consumed in 2012, Itar-Tass quoted the director of the Energy Ministry’s department of energy efficiency, Alexander Mitreikin, as saying November 19.

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