Market peculiarities of natural gass: case of the Pacific Region

Larisa Shakhovskaya (), Yelena Petrenko (), Alexandr Dzhindzholia () and Victoria Timonina ()
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Larisa Shakhovskaya: Volgograd State Technical University, Russian Federation
Yelena Petrenko: Plekhanov Russian University of Economics, Russian Federation
Alexandr Dzhindzholia: Volgograd State Technical University, Russian Federation
Victoria Timonina: Volgograd State Technical University, Russian Federation

Entrepreneurship and Sustainability Issues, 2018, vol. 5, issue 3, 555-564

Abstract: In this article are considered by authors the technological, resource and economic capacity of the Far East, the first stages of a cooperation between Russia and the largest gas importers in the Pacific Rim are described, the main projects and fields contributing to the development of a cooperation between the countries are also considered. Statistical methods of the analysis act as methodological base of a research. In modern conditions in relation to the energy sector of Russia (imposition of sanctions by the western countries) there is a reorientation of export deliveries to the EU to Asia-Pacific countries. In these conditions the Far East of Russia acts as a large oil and gas source which has advantages and opportunities to compete in the Asian market, using not only the favorable investment climate, but also the infrastructure developed for today's time. The carried-out analysis showed that Russia is the largest suppliers in the market of Asia-Pacific countries. Constantly interest in the Russian energy resources in the Asian market grows. It is connected with a geographical location of Russia, with high inventories of hydrocarbons in the Far East, safety of deliveries, low policy risks, etc.

Keywords: natural gass; market; Asia-Pacific countries; Russia; projects; competition; import; consumption (search for similar items in EconPapers)
JEL-codes: Q31 Q41 (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:5:y:2018:i:3:p:555-564

DOI: 10.9770/jesi.2018.5.3(11)

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