Current Trends in Global Natural Gas Market

Authors

  • Anatoly Alexandrovich Laznik Transneft ElektrosetServis LLC
  • Roman Denisovich Zharkov Transneft ElektrosetServis LLC
  • Natalya Yuryevna Rodygina Russian Foreign Trade Academy
  • Vladislav Igorevich Musikhin ransneft ElektrosetServis LLC

DOI:

https://doi.org/10.24412/2072-8042-2021-7-87-97

Keywords:

natural gas, LNG, global energy market

Abstract

This article is devoted to assessing the prospects and trends in the global natural gas market in the period from 2020 to 2040. The authors consider the countries and regions separately, and assess the industry considering the global pandemic caused by the spread of the new coronavirus infection (Covid-19). It is emphasized that developing countries will increase LNG imports, as LNG prices remain low, which organically supports the initiative to switch from coal to gas. The share
of natural gas in electricity production will reach a quarter of global demand, surpassing oil. The largest driver of growth – the leading consumer – is industrial production because of the development of urban gas distribution networks and the active environmental policies of the countries.

Author Biographies

Anatoly Alexandrovich Laznik, Transneft ElektrosetServis LLC

Candidate of Economic Sciences

Work place, position: Transneft ElektrosetServis LLC (16/1 Dobrolyubova Str., Moscow, 127254), Deputy Director General in charge of Economics and Finance

Roman Denisovich Zharkov, Transneft ElektrosetServis LLC

Work place, position: Transneft ElektrosetServis, LLCHead of the Price formation Department (16/1 Dobrolyubova Str., Moscow, 127254)

Natalya Yuryevna Rodygina, Russian Foreign Trade Academy

Doctor of Economic Sciences

Work place, position: Russian Foreign Trade Academy (6A Vorob’evskoe shosse, Moscow, 119285) - Professor of the Department of the International and Foreign Trade of the Russian Federation

Vladislav Igorevich Musikhin, ransneft ElektrosetServis LLC

Work place, position: Transneft ElektrosetServis LLC, Specialist, I category, Price formation Department (16/1 Dobrolyubova Str., Moscow, 127254)

Published

2024-02-02

How to Cite

Laznik, A. A., Zharkov, R. D., Rodygina, N. Y., & Musikhin, V. I. (2024). Current Trends in Global Natural Gas Market. Russian Foreign Economic Journal, (7), 87–97. https://doi.org/10.24412/2072-8042-2021-7-87-97

Issue

Section

International trade