Implementation of the Energy Strategy of the Republic of Sakha (Yakutia): Trends and Prospects

The paper presents the results of studying the functioning and development of the branches of the fuel and energy complex (FEC) of the Republic of Sakha (Yakutia). The republic is the largest constituent entity of the Russian Federation in terms of area. The economy of the republic specializes in the extraction of minerals (including hydrocarbons), which directly affects the FEC efficiency. Severe climatic conditions, complex and long-term schemes for the transportation of energy resources for the needs of the economy and the population, and the special geostrategic position of the region determine the research relevance of this subject area. As part of the research work, the authors conducted a retrospective analysis of the features of the functioning of industries and enterprises according to the main FEC components: (1) extraction of energy resources (oil, coal, and gas); (2) electric power industry; (3) heat power industry; (4) renewable energy; and (5) environmental protection. Within the research, the authors assessed the current trends in retrospect and analyzed the current state. In addition, the authors determined the prospects for developing FEC sectors according to the forecasts and scenarios of the socio-economic development of the republic. As a result, the authors obtained the applied knowledge necessary for the effective implementation of long-term prospects for the FEC development of the Republic of Sakha (Yakutia). The research allowed identifying the problems and formulating tasks requiring solutions to improve the FEC efficiency and ensure energy security, efficient use of natural resources, and modernization of the FEC sectors. Based on the results of the research work performed in the subject area of strategizing the development of the regional FEC, the authors propose to implement the main strategic directions for elaborating FEC sectors according to the development priorities of the national and regional economy.