NATURAL GAS EXTRACTION IN RUSSIAN FEDERATION. MAIN DIRECTIONS AND DRIVING FORCES OF INDUSTRY DEVELOPMENT
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Jan 25, 2021
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Abstract
Russia is a major player in the global energy market. Oil and gas exports have been a major driver of Russia's economic growth over the past 5 years, making the Russian economy dependent on oil and natural gas exports and vulnerable to fluctuations in oil prices. However, Russia's oil and gas fields are at the final stages of development, and modern technologies have not been fully implemented. This study is an analysis of the problems and opportunities of Russian natural gas exports, the prospects for Russian natural gas exports on world markets based on the latest statistical data, scientific publications and sources in the media.
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References
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2. Kulagin V. A., Galkina A. A., Kozina E. O. Perspektivy razvitiya gazovoi otrasli Rossii s uchetom transformatsii global'nykh rynkov // Delovoi zhurnal neftegaz.ru. – 2018. – №2. – S. 16-22.
3. Ministerstvo ehnergetiki Rossiiskoi Federatsii. Itogi raboty Minehnergo Rossii v 2019 godu i osnovnye zadachi na 2020 god. URL: https://minenergo.gov.ru/node/18288
4. Ministerstvo ehnergetiki Rossiiskoi Federatsii. Rynok prirodnogo gaza Rossii: problemy i perspektivy razvitiya, 2016. URL: https://minenergo.gov.ru/system/download-pdf/6164/65814
5. Egging R., Holz F. Risks in global natural gas markets: investment, hedging and trade // Energy Policy – 2016. – t. 94. – S. 468-479
6. Henderson J., Mitrova T. The political and commercial dynamics of Russia’s gas export strategy // Oxford Institute for Energy Studies. – 2015. – 82 s.
7. The International Energy Agency. Gas 2019. Analysis and forecasts to 2024. – 2019. – 184 s.
8. Kutcherov V., Morgunova M., Bessel V., Lopatin A. Russian natural gas exports: an analysis of challenges and opportunities // Energy Strategy Reviews. – 2020. – t. 20. – S. 1-10
9. Pirani S. Russia-Ukraine transit talks: the risks to gas in Europe // Oxford Institute for Energy Studies. – 2019. – S. 1-6
10. Vanadzina E. The development of natural gas demand in the Russian electricity and heat sectors // Oxford Institute for Energy Studies. – 2018. – 48 s.