Translation. Region: Russian Federal
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
The energy sector is one of the main driving forces of the new technological revolution, said Rosneft Chief Executive Officer Igor Sechin at the Energy Panel at the XXVIII St. Petersburg International Economic Forum.
In his keynote address, he noted that the digital revolution, using artificial intelligence and big data, should become the basis for increasing labor productivity.
According to the investment bank Goldman Sachs, the large-scale introduction of high technologies will increase labor productivity by 1.5 percentage points for developed countries and by 1 percentage point for developing countries over 10 years. “However, the development of high technologies requires a significant amount of natural resources, as well as large-scale investments in infrastructure and human capital. This, in turn, means a multiple increase in energy consumption,” the head of Rosneft noted.
“Without a doubt, one of the main driving forces of the new technological revolution is the energy sector,” Sechin said. He recalled that the use of artificial intelligence based on large data centers is a highly energy-intensive process. “According to the International Energy Agency, today the electricity needs of one 100-megawatt data center are comparable to the consumption of 100,000 households. In the future, these needs may increase tens of times,” the head of Rosneft added.
Such centers, according to Sechin, will make a greater contribution to the growth of global demand for electricity than heavy industry or heat supply. “According to forecasts, by 2030 their electricity consumption will more than double and reach one thousand terawatt-hours, which is comparable to Japan’s current consumption,” the head of Rosneft said.
As an example of the impact of digitalization on the global energy system, Igor Sechin also cited the development of the cryptocurrency market. According to him, in less than ten years, they have become an independent industry that today consumes resources on par with entire countries. Thus, the energy consumption of the entire Bitcoin network as of May 2025 has already exceeded the level of electricity consumption in Poland.
Department of Information and Advertising of PJSC NK Rosneft June 21, 2025
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