Prospects of Energy Transition in Russia in The Context of Energy Security

The article studies costs and benefits on the way to the Energy Transition based on three pillars: decarbonisation, decentralization and digitalization. It was shown that the fuel and energy industry in Russia is very much in line with the digitalization, but its values did not share the direction with decarbonization nor decentralization. At the same time Russia has specific geographic and economic competitive advantages and huge potential in distributed energy resources, renewable energy technologies and hydrogen production.