Study of the outlook for the development of the gas industry in Russia and analysis of risk associated with this process

The gas industry in Russia will develop under conditions of the persistence of existing risks and emergence of the new ones caused by the world financial crisis, increased uncertainty in estimating world prices for natural gas, together with disturbed balance between interests of gas producers and c...

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Bibliographic Details
Published in:Thermal engineering 2010-12, Vol.57 (14), p.1185-1196
Main Authors: Eliseeva, O. A., Luk’yanova, A. S., Tarasov, A. E.
Format: Article
Language:English
Subjects:
Applied sciences
Economic data
Energy
Energy economics
Energy policy
Engineering
Engineering Thermodynamics
Exact sciences and technology
Fossil fuels and derived products
Gas
General, economic and professional studies
Heat and Mass Transfer
Methodology. Modelling
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Summary:The gas industry in Russia will develop under conditions of the persistence of existing risks and emergence of the new ones caused by the world financial crisis, increased uncertainty in estimating world prices for natural gas, together with disturbed balance between interests of gas producers and consumers, and threat of loss of the competitiveness of Russian natural gas on foreign markets. In this context, in choosing a strategy of the development of the gas industry and its production-and-financial program, it is necessary to carry out a risk analysis of optimum decisions. Specific features of carrying out a risk analysis and results of the risk analysis of strategic decisions that would provide enhanced steadiness and the effectiveness of the development of the gas industry under conditions of the uncertainty of both external and internal factors are presented.
ISSN:0040-6015
1555-6301
DOI:10.1134/S0040601510140041