IDEAS home Printed from https://ideas.repec.org/a/bal/journl/2256-07422017314.html
   My bibliography  Save this article

A New Approach To The Assessment Of Effective Management Of Gas Supply Diversification

Author

Listed:
  • Oleh Dzoba

    (Department of Theory of Economics and Management, Ivano-Frankivsk National Technical University of Oil and Gas, Ukraine)

  • Liliya Marynchak

    (Department of Finance, Ivano-Frankivsk National Technical University of Oil and Gas, Ukraine)

  • Oleksandra Romashko

    (Department of Finance, Ivano-Frankivsk National Technical University of Oil and Gas, Ukraine)

Abstract

The purpose of the paper is to study the current state and trends in the development of the basic indicators of the EU gas sector, to generalize the theoretical and methodological approaches to calculating the gas diversification factor, assess and analyze its level in the EU countries in 2001-2015, and study the experience of European countries in addressing the diversification problems. Methodology. The methodological basis of the study was the works of domestic and foreign scientists devoted to the issues of gas supply diversification. The study is based on the analysis of the gas sector indicators and used analysis, synthesis, combination grouping and statistical-economic methods. Results of the of the study showed that in the EU countries in recent years there has been a noticeable tendency to reduce natural gas reserves, reduce the level of its production and increase consumption, which leads to an increase in import dependence. The largest consumers of natural gas in the EU are the United Kingdom, Germany, Italy, the Netherlands and France. The main external importers of pipeline gas to the EU countries are the Russian Federation, Algeria and Norway, and liquefied gas – Qatar, Algeria and Nigeria. It is established that at the end of 2015, the most diversified gas supply is to countries such as France, Belgium and Italy; a low level of gas supply diversification is observed in Hungary, Poland and Greece. Practical implications. The analysis of basic indicators which characterize the state and development of trends of the European gas market in 2000-2015 is carried out. The assessment and analysis of the level of diversification of natural gas supplies in the EU countries in 2001-2015 have been analyzed. Value/originality. It was proposed an original approach to calculate the gas diversification factor, which takes into account both the number of sources and the structure of the volumes of supplies from different sources.

Suggested Citation

  • Oleh Dzoba & Liliya Marynchak & Oleksandra Romashko, 2017. "A New Approach To The Assessment Of Effective Management Of Gas Supply Diversification," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 3(1).
  • Handle: RePEc:bal:journl:2256-0742:2017:3:1:4
    DOI: 10.30525/2256-0742/2017-3-1-24-30
    as

    Download full text from publisher

    File URL: http://www.baltijapublishing.lv/index.php/issue/article/view/154/161
    Download Restriction: no

    File URL: http://www.baltijapublishing.lv/index.php/issue/article/view/154
    Download Restriction: no

    File URL: https://libkey.io/10.30525/2256-0742/2017-3-1-24-30?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    natural gas; proved reserves; extraction; consumption; gas supply; diversification; index of diversification;
    All these keywords.

    JEL classification:

    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bal:journl:2256-0742:2017:3:1:4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anita Jankovska (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.