Growth of Energy Efficiency is the Road to Sustainable Development of Economy of Russias Eastern Regions

The Russian fuel-energy complex (FEC) is the basis without normal functioning of which the sustainable development of economy is made impossible; especially impressive it is revealed in the east of the country where the FEC sectors contribute most significantly to the industrial production. Besides, the diversification of the export flows of the fuel and energy resources (FER) considerably increases the role of the eastern direction in Russias economic policy. All this determines the topicality of studying the processes of FEC development in the eastern regions (Siberia and the Far East) using mathematical modelling. The purpose of investigation is to carry out an energy-economic analysis, identification of FEC development problems in the eastern regions and specifying the main ways to overcome them. The research methods are system analysis, economic and mathematic modelling and indicative methods. Results of the study: on the basis of the available statistic information the fuel-energy balances (FEB) of the Russias eastern regions have been developed, an analysis of the FEC current state has been made, the main problems of its development have been identified, the most important factors that impact the energy efficiency of economy have been determined, using the model tools the long-term FEC development forecast has been carried out. The conclusions: the current state of the eastern regions FEC allow to provide the economy with necessary quantity of FER, yet the problems exist that limit the FEC development which can hinder the economy to develop massively. It is necessary to implement the measures that provide the energy efficiency in all spheres of economic activity, as well as to change the structure of the FEB in Russias eastern regions in the direction of more rational use of the fuel and energy resources ( FER) and to scale up the introduction of of technological innovations, all this will allow to increase the energy efficiency of the economy.