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Evaluation of Gas Industry Competitiveness in the Foreign Market

Author

Listed:
  • Natalya S. Shcherbakova

    (Peoples Friendship University of Russia, (RUDN University) Moscow, Russia)

  • Yulia A. Nazarova

    (Peoples Friendship University of Russia, (RUDN University) Moscow, Russia)

  • Olga S. Kirichenko

    (Financial University Under the Government of the Russian Federation, Moscow, Russia)

  • Oleg A. Gorunov

    (Gubkin Russian State University of Oil and Gas (National Research University), Moscow, Russia)

  • Andrey V. Dubrovsky

    (Financial University Under the Government of the Russian Federation, Moscow, Russia)

Abstract

The evaluation of the Russian oil and gas companies competitiveness in the foreign market under the tough market conditions is of particular importance as it is crucial to retain company s current position and market share. The article makes qualitative and quantitative evaluation of Russian companies in the global gas market. To analyze the competitiveness of the gas industry company in the foreign market, the authors used a dynamic method of evaluating competitiveness coupled with a SWOT analysis. The dynamic evaluation method offers an opportunity to identify the basic factors that influenced the level of competitiveness of the entity under study and, accordingly, determine the main reserves for increasing its competitiveness. Based on the study conducted, recommendations were made on the increase in competitiveness in the current situation of unstable demand and volatile energy prices. By analyzing the PJSC Gazprom level of competitiveness, as well as its external and internal environment, indicators were identified the regulation of which will lead to the progressive development of the organization and increase in its competitiveness. The practical relevance of the study lies in the possibility to use both the research outcome and the proposed methods in a development strategy for the gas industry company.

Suggested Citation

  • Natalya S. Shcherbakova & Yulia A. Nazarova & Olga S. Kirichenko & Oleg A. Gorunov & Andrey V. Dubrovsky, 2020. "Evaluation of Gas Industry Competitiveness in the Foreign Market," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 272-279.
  • Handle: RePEc:eco:journ2:2020-06-36
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    References listed on IDEAS

    as
    1. Catherine Locatelli, 2014. "The Russian gas industry : challenges to the "Gazprom model"," Post-Print halshs-00853776, HAL.
    2. Sadek Boussena & Catherine Locatelli, 2017. "Gazprom and the complexity of the EU gas market: a strategy to define," Post-Print hal-01618494, HAL.
    3. Olga S. Kirichenko & Alexey A. Komzolov & Yulia A. Nazarova & Natalya S. Shcherbakova & Tatiana V. Kirichenko, 2020. "Diversification of Russian Oil and Gas Upstream Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 112-118.
    4. Boussena, S. & Locatelli, C., 2017. "Gazprom and the complexity of the EU gas market: A strategy to define," Working Papers 2017-09, Grenoble Applied Economics Laboratory (GAEL).
    5. Harald Bathelt & Peng-Fei Li, 2014. "Global cluster networks--foreign direct investment flows from Canada to China," Journal of Economic Geography, Oxford University Press, vol. 14(1), pages 45-71, January.
    6. Catherine Locatelli, 2014. "The Russian gas industry: challenges to the 'Gazprom model'?," Post-Communist Economies, Taylor & Francis Journals, vol. 26(1), pages 53-66, March.
    7. Marc J. Melitz, 2003. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica, Econometric Society, vol. 71(6), pages 1695-1725, November.
    8. Tatiana Bondarenko & Alex Borodin & Makpal Zholamanova & Galina Panaedova & Tatiana Belyanchikova & Lira Gurieva, 2020. "Investments to the petrochemical sector: the value of the competitiveness of petrochemical companies," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 2510-2525, March.
    9. Sadek Boussena & Catherine Locatelli, 2017. "Gazprom and the complexity of the EU gas market: a strategy to define," Post-Communist Economies, Taylor & Francis Journals, vol. 29(4), pages 549-564, October.
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    More about this item

    Keywords

    advantages; competitiveness management; SWOT-analysis; oil and gas companies.;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

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