Issues of LNG producing companies entering the eastern markets and ways to overcome them
https://doi.org/10.26425/1816-4277-2024-7-79-84
Abstract
This article is devoted to identifying the features of the еastern liquefied natural gas (hereinafter referred to as LNG) markets and new opportunities for entering them. The purpose of this article is to study the problems of LNG producing companies entering the еastern markets and ways to overcome them. The work analyses the current state of the еastern LNG markets and their development prospects, existing barriers, including those caused by the conflict in the Middle East, and possible consequences of the escalation of the conflict. The authors consider the issues of developing localised infrastructure and technological solutions that increase the efficiency of supply chains, meet specific market needs and provide a competitive advantage in the еastern markets. Logframe and comparative analysis, systems approach, and modelling have been used in the research process. As a result, the study has identified a number of challenges for LNG producers, primarily related to geopolitical complexities, regulatory environment, and market development dynamics, to innovations, ecological norms, and understanding regional tensions that may impact supply chains and trade agreements. The findings of the article can be used when domestic companies develop strategies to enter the еastern LNG markets with existing contracts or expand them.
About the Authors
F. A. OstroumovRussian Federation
Fedor A. Ostroumov, Postgraduate Student
Moscow
V. Ya. Afanasiev
Russian Federation
Valentin Ya. Afanasiev, Cand. Sci. (Econ.), Head of the Economics and Management in the Fuel and Energy Complex Department
Moscow
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Review
For citations:
Ostroumov F.A., Afanasiev V.Ya. Issues of LNG producing companies entering the eastern markets and ways to overcome them. Vestnik Universiteta. 2024;(7):79-84. (In Russ.) https://doi.org/10.26425/1816-4277-2024-7-79-84