Open AccessNew trends in the international political dynamics of natural gas trade
Author(s) -
Petar Stanojević,
Gordana Mišev
Publication year - 2018
Publication title -
međunarodni problemi
Language(s) - English
Resource type - Journals
eISSN - 2406-0690
pISSN - 0025-8555
DOI - 10.2298/medjp1803305s
Subject(s) - natural gas , renewable energy , energy security , context (archaeology) , consumption (sociology) , energy market , natural resource economics , electricity , fossil fuel , oil and natural gas , energy (signal processing) , energy source , business , economics , environmental economics , geography , engineering , social science , statistics , electrical engineering , mathematics , archaeology , sociology , waste management
The paper analyses the global natural gas market in the context of the identification of influential international factors or phenomena that will determine trends in the next foreseeable period. Natural gas is an energy source that, in addition to renewable energy sources, shows a high and continuous growth trend. Almost all countries possess certain means to produce electricity (including renewable energy sources) or obtain it from the immediate environment, while gas and oil are energy products that all countries use but do not have. Trends related to these two energy sources and the factors that influence the creation of their market are numerous and complex. The authors present some important aspects and approaches to energy security issues related to global energy challenges, as well as the risks and threats that the world is exposed to today and in the future. The authors conclude that natural gas as the energy of the future is recording increasing consumption, which requires a profound analysis of trends in this area.