This article describes the current energy situation from both the global viewpoint and the viewpoint of countries with no indigenous sources of fossil fuels. The lack of fossil fuels necessitates a substitution with indigenous sources of energy, where feasible. Long-distance railway transport is a self-evident element in the expanding transport sector. In view of the proven high energy efficiency of electric railway systems, there is every incentive for a more active investment policy in railway electrification. This applies to both medium-distance transportation of freight and passengers and different electric mass transit systems.