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March 2022 (published: 14.03.2022)
Number 1(48)
Home > Issue > Problems of formation and growth of the liquefied natural gas market
Selezneva M.A.
, Gagulina N.L.
The consumption of natural gas in the world has shown steady dynamics over the entire last decade and this is a key factor in the growth of the liquefied natural gas market. Increasing the share of natural gas in the energy balance of different countries of the world is associated with a change in the structure of energy consumption: there is a gradual displacement of coal by gas.The use of liquefied natural gas (LNG) reduces a large amount of harmful emissions into the atmosphere. LNG is a more competitive energy resource due to the advantages in storage and transportability over long distances. The analysis of the liquefied natural gas market throughout the period of its formation and development, carried out by the authors, allowed to identify the main correlations that exist in the global LNG market. Currently, the global LNG market supply is predominantly formed with the participation of several major players: Australia, Qatar, the US and Russia.Against the background of constant growth of liquefied natural gas consumption in the Asia-Pacific region, the demand for LNG in Europe is increasing. The article analyzes the potential of liquefied natural gas production in Russia in the context of exporting LNG to world markets and ensuring its domestic consumption. The role of the largest investment projects in the development of strategically important regions for Russia is considered: the Far East, the Arctic zone of the Russian Federation.In the conclusion the authors presented the results of the analysis of the world LNG market conditions, identified the advantages of the direction of liquefied natural gas supplies to the domestic Russian market.
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Keywords: liquefied natural gas market, economic growth,enterprise, supplier, consumer.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 338.1
Problems of formation and growth of the liquefied natural gas market
The consumption of natural gas in the world has shown steady dynamics over the entire last decade and this is a key factor in the growth of the liquefied natural gas market. Increasing the share of natural gas in the energy balance of different countries of the world is associated with a change in the structure of energy consumption: there is a gradual displacement of coal by gas.The use of liquefied natural gas (LNG) reduces a large amount of harmful emissions into the atmosphere. LNG is a more competitive energy resource due to the advantages in storage and transportability over long distances. The analysis of the liquefied natural gas market throughout the period of its formation and development, carried out by the authors, allowed to identify the main correlations that exist in the global LNG market. Currently, the global LNG market supply is predominantly formed with the participation of several major players: Australia, Qatar, the US and Russia.Against the background of constant growth of liquefied natural gas consumption in the Asia-Pacific region, the demand for LNG in Europe is increasing. The article analyzes the potential of liquefied natural gas production in Russia in the context of exporting LNG to world markets and ensuring its domestic consumption. The role of the largest investment projects in the development of strategically important regions for Russia is considered: the Far East, the Arctic zone of the Russian Federation.In the conclusion the authors presented the results of the analysis of the world LNG market conditions, identified the advantages of the direction of liquefied natural gas supplies to the domestic Russian market.
Read the full article
Keywords: liquefied natural gas market, economic growth,enterprise, supplier, consumer.
DOI 10.17586/2310-1172-2022-15-1-134-141