Russia's Energy Sector Evolves

Russia is making several changes to its energy strategy and technical capabilities as it tries to keep up with developments in global energy. Russia holds the world's second-largest proven conventional natural gas reserves and alternates with Saudi Arabia as the world's top oil producer. But recently, Russia's ability to wield energy as a potent political weapon has started to wane. Now, Moscow is moving to embrace liquefied natural gas, offshore drilling and hydraulic fracturing technology to ensure the energy sector's future.