Page 89 - Russia OUTLOOK 2023

Kazakhstan is still the main buyer: deliveries there, according to Kommersant's
information, may amount to about 5bn kWh. Inter RAO refuted Kommersant's
data on the level of deliveries to Kazakhstan, refusing to give actual figures.

The remaining export destinations for Inter RAO are unlikely to be able to
replace closed deliveries to the EU. So in October, Andrey Logatkin, director of
the Department of International Cooperation at RosSeti, said that electricity
exports from Russia by the end of 2022 could fall to 13.5bn kWh, which is 38%
lower than last year's figures.

Among the new promising areas is Azerbaijan, Regina Lyanzberg believes.
Long-term plans include the construction of a second 330-kV
Derbent-Khachmaz line, as well as the parallel operation of the power systems
of Russia, Azerbaijan and Iran, which can probably increase supplies to
Azerbaijan. However, such plans are most likely to be implemented already
beyond the horizon of 2023, Lyanzberg suggests.

89 Russia OUTLOOK 2022 www.intellinews.com