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Prospects for the Development of International Trade in Liquefied Natural Gas

  • L. V. VazheninaEmail author
Conference paper
Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 138)

Abstract

In modern geopolitical conditions, the processes of international hydrocarbon trade are becoming more complicated. World trends dictate the development of new solutions and adaptation to the external environment. The key factors contributing to the development of the global gas market are the shift in priorities towards environmentally friendly energy sources; greater opportunities for transport of liquefied natural gas, compared to pipeline gas transport, which has significant geopolitical risks; the ability to meet emerging gas demand during peak demand periods.

The article looks at the prospects for the development of the LNG industry in the Russian and world markets. Since the technologies for liquefying natural gas are technologically simple and cost-effective, they therefore open up broad prospects for the development of international gas trade.

The study examined the place and role of LNG production in the world and in Russia. The volumes of LNG export supplies from Russia and other manufacturers, the change in their production structure and the features of organized gas exchange trading platforms in Russia are given.

As a result, it was revealed that the prospect of developing large-scale production and transportation of LNG in Russia should be based primarily on domestic developments and is an integrated state task. Such an opportunity by 2018–2020. will complete the development of Russian technologies for the production of basic cryogenic equipment, as well as solve the tasks of implementing import substitution programs and improving the economic security of the country.

With regard to increasing the efficiency of exchange trading in gas, it is proposed to introduce new and improve existing gas indices.

Keywords

LNG Liquefaction Gas Prospects Export Supply Market 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Tyumen Industrial UniversityTyumenRussia

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