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Market peculiarities of natural gass: case of the Pacific Region

Author

Listed:
  • 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)

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.

Suggested Citation

  • Larisa Shakhovskaya & Yelena Petrenko & Alexandr Dzhindzholia & Victoria Timonina, 2018. "Market peculiarities of natural gass: case of the Pacific Region," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(3), pages 555-564, March.
    • Handle: RePEc:ssi:jouesi:v:5:y:2018:i:3:p:555-564
    DOI: 10.9770/jesi.2018.5.3(11)
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    Citations

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    Cited by:

    1. Evgeny Lisin & Galina Kurdiukova & Natalya Ketoeva & Joana Katina, 2018. "Sustainability issues of territorial power systems in market conditions," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 1041-1052, December.
    2. Marcin Rabe & Dalia Streimikiene & Yuriy Bilan, 2020. "Model of Optimization of Wind Energy Production in the Light of Legal Changes in Poland," Energies, MDPI, vol. 13(7), pages 1-15, March.
    3. Yelena Petrenko & Nikita Stolyarov, 2019. "Features of the management of international projects, taking into account intercultural differences of the partners," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 2037-2051, June.
    4. Hafezali Iqbal Hussain & Muhammad Haseeb & Manuela Tvaronavičienė & Leonardus W. W. Mihardjo & Kittisak Jermsittiparsert, 2020. "The Causal Connection of Natural Resources and Globalization with Energy Consumption in Top Asian Countries: Evidence from a Nonparametric Causality-in-Quantile Approach," Energies, MDPI, vol. 13(9), pages 1-18, May.

    More about this item

    Keywords

    natural gass; market; Asia-Pacific countries; Russia; projects; competition; import; consumption;
    All these keywords.

    JEL classification:

    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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