East-West Cooperation in Energy

Abstract

For several years now, the USSR has become a leading exporter of energy. Together, the socialist and capitalist countries import every year from the Soviet Union 350 million tons of reference fuel (1) to the value of 30 billion roubles ($ 45 billion), making up 10 per cent of world imports of these goods. Unlike the other countries exporting either oil or coal, the USSR is a main supplier of all the most important solid and liquid fuels. In recent years, oil and oil products have formed 77 per cent of energy exports, natural gas 18 per cent, coal 4 per cent and electric energy 1 per cent, in current prices.