Open AccessSpecial Aspects of Modelling the Russian Federation Gas Industry in the Context of Market Transformation
Author(s) -
А. Е. Тарасов
Publication year - 2019
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/272/2/022167
Subject(s) - commodity , context (archaeology) , fossil fuel , international trade , russian federation , business , european union , production (economics) , supply and demand , commerce , economy , natural resource economics , economics , market economy , economic policy , waste management , engineering , geography , macroeconomics , archaeology , microeconomics
Currently, the most environmentally friendly fossil fuel is gas. Russia occupies one of the first places in the world for gas production and reserves. A significant part of the gas produced is being exported as piped or liquefied. Lately, the gas markets conventional for Russia have undergone some rather major changes. Ukraine has almost left the CIS market and settled for reverse gas supplies from Eastern Europe. Nowadays, independent gas producers have access to the liquefied gas export channels. From this year on a number of the Eurasian Economic Union (EAEU) states got access to this platform besides the Russian buyers. Independent gas producers are now allowed to sell gas on the commodity exchange to the EAEU states, thus also including piped gas into the exports. The European countries aspiration to diversify gas supply sources and the raging growth of renewable power result in the essential periodicity of supplies and demand growth at the gas spot markets. The article reviews the special aspects of the gas industry modelling under the conditions of market transformation.