GLOBAL TRENDS AND TARGET INDICATORS OF ECONOMIC DEVELOPMENT OF INDUSTRIAL GAS PRODUCTION COMPLEXES IN THE ARCTIC

• Published in: Север и рынок: формирование экономического порядка
• Main Authors: Aleksey E. Cherepovitsyn, Oleg V. Zhukov
• Format: Article in Journal/Newspaper
• Language: English; Russian
• Published: The Russian Academy of Sciences, Federal Research Centre Kola Science Centre 2021
• Subjects: oil and gas companies; natural gas production; arctic; energy sector; instability; turbulence; indicators; Social Sciences; H; Arctic
• Online Access: https://doi.org/10.37614/2220-802X.4.2021.74.010; https://doaj.org/article/76a182ecfc6f4d16ad6e94fe6fffdc77

The current stage of development of the world energy sector is characterized by high turbulence and dynamism of changes. The volatility of demand and prices for energy resources, increased competition in the global market, the evolution of the energy balance, the decrease in the role of traditional hydrocarbons and the progressive development of technological innovations significantly affect the efficiency of the implementation of the Russian gas complex in the Arctic. However, in addition to economic benefits, large-scale production of natural gas in the Arctic encompasses a wide range of issues: ensuring domestic needs for hydrocarbons and stable exports, minimizing environmental damage, organizing complex science-intensive industries and loading industrial capacities, developing transport and social infrastructure, creating new high-tech work places. In these conditions, long-term prospects and assessment of the development efficiency of complex industrial gas production complexes are determined taking into account environmental, economic, technological and social aspects. The analysis of the factors of instability of the world energy system and their influence on the efficiency of the development of gas fields in the Arctic zone was carried out. Target guidelines for the development of the Russian gas industry have been formulated in the context of national interests and priorities of socio-economic development and environmental safety. Indicators of economic development of industrial gas production complexes are proposed, taking into account trends in the global energy market and the specifics of field development in the Arctic.