Managerial Issues Regarding the Role of Natural Gas in the Transition of Energy and the Impact of Natural Gas Consumption on the GDP of Selected Countries

El Thalassinos (), Marta Kadłubek, Le Minh Thong, Tran Van Hiep and Erginbay Ugurlu ()
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Marta Kadłubek: Faculty of Management, Czestochowa University of Technology, 42-200 Czestochowa, Poland
Le Minh Thong: Faculty of Economics and Business Administration, Hanoi University of Mining and Geology, Hà Nội 100000, Vietnam
Tran Van Hiep: Faculty of Economics and Business Administration, Hanoi University of Mining and Geology, Hà Nội 100000, Vietnam

Resources, 2022, vol. 11, issue 5, 1-22

Abstract: Natural gas is considered an important bridge in the transition of energy in the world. However, the development and management of unconventional gas now face many challenges. This paper aims to provide an overview of what would be required to formulate and implement the trend of energy transition and natural gas use in the world. Selected managerial issues regarding the role of natural gas are presented, including chosen statistical data on natural gas consumption, forecasts for the demand for natural gas, and the potential of unconventional gas. The empirical part of the study examines the impact of natural gas consumption on the GDP of 14 G20 countries during the period of 1994 to 2018. The pooled mean group model (PMG) is employed in this study. Based on the cointegration test results, it was found that natural gas consumption and population have a long-run relationship with CO 2 emissions. Consistent with other studies, we found a positive relationship between CO 2 emissions and natural gas consumption, GDP, and population.

Keywords: natural gas; unconventional gas; shale gas; energy transition; energy management model (search for similar items in EconPapers)
JEL-codes: Q1 Q2 Q3 Q4 Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jresou:v:11:y:2022:i:5:p:42-:d:802682

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