Development of branches fuel energy complex (FEC) for the period up to 2020 in conditions of globalization is predetermined by following conditions: rates of growth of gross national product of Russia; structural changes of branches of economy of Russia; power consumption of gross national product of Russia; energy saving policy of the country in manufacture and consumption of power resources; an investment policy in development of economy of Russia; an investment policy in system of decrease in an ecological load on surrounding environment; an innovative policy in development of branches FEC. Effective performance of these conditions will allow to make branch and the enterprises of fuel energy complex competitive with the best enterprises of the developed foreign countries.