The Future Of The Global Market For Natural Gas

The article presents an analysis of the current state of the global market for natural gas and some forecasts for its long-term development. Regional and sectoral aspects of gas production and consumption are considered. Particular attention is paid to the development priorities of the gas industry in the countries of East and South Asia. During the period of economic slowdown, the imbalance of supply and demand in the global hydrocarbon market leads to its destabilization. In order to predict such situations, experts from international and Russian organizations (International Energy Agency, BP plc, Energy Re-search Institute of the Russian Academy of Sciences, Institute of Energy Economics of Japan) and consulting companies (IHS Markit) periodically publish works on the evolution of world energy markets and the possible consequences for Russia and other countries. Nevertheless, in the foreseeable future none of the authors is likely to predict the period of peak gas demand even for the world's largest economies (with the exception of the European Union and de-veloped countries of Asia), which gives reason to call the twenty hundreds “the century of natural gas”.

Keywords

natural gas; long-term forecast of energy development; import and export of natural gas; LNG

Received

25.04.2023

Publication date

25.04.2023

Number of characters

40912

Cite

GOST	Kondratov D. The Future Of The Global Market For Natural Gas // Obshchestvo i ekonomika – 2023. – Issue 4 C. 64-85 [Electronic resource]. URL: https://oie.jes.su/S020736760025155-9-1 (circulation date: 04.05.2024). DOI: 10.31857/S020736760025155-9
MLA	Kondratov, Dmitriy "The Future Of The Global Market For Natural Gas." Obshchestvo i ekonomika 4 (2023):64-85. DOI: 10.31857/S020736760025155-9
APA	Kondratov D. (2023). The Future Of The Global Market For Natural Gas. Obshchestvo i ekonomika (4), pp.64-85 DOI: 10.31857/S020736760025155-9

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