Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)

World trends in the development of the LNG industry

Authors
L V Vazhenina
Corresponding Author
L V Vazhenina
Available Online August 2018.
DOI
https://doi.org/10.2991/icemw-18.2018.47How to use a DOI?
Keywords
LNG; liquefaction; gas; prospects; export; supply: market.
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 the 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 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.
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Volume Title
Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
August 2018
ISBN
978-94-6252-599-3
ISSN
2352-5428
DOI
https://doi.org/10.2991/icemw-18.2018.47How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - L V Vazhenina
PY  - 2018/08
DA  - 2018/08
TI  - World trends in the development of the LNG industry
BT  - Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)
PB  - Atlantis Press
SP  - 259
EP  - 264
SN  - 2352-5428
UR  - https://doi.org/10.2991/icemw-18.2018.47
DO  - https://doi.org/10.2991/icemw-18.2018.47
ID  - Vazhenina2018/08
ER  -