Assessing the Possibility of a Gas Hub Emergence in East Asia

DOI: 10.33917/es-1.175.2021.136-141

The article examines the problem of emergence in East Asia of a regional trading center (hub) for liquefied natural gas (LNG) with its own independent price index, which can become the basis for pricing in long-term contracts for supplying gas to the countries of this region. The author identifies the main factors stimulating Asian players in the gas market to pass to a new pricing system while signing gas purchase contracts. The countries — the main candidates for creating their own LNG hub — are considered. The article analyzes current situation and the prospects for developing regional LNG hubs in such countries as China, Japan and Singapore.

The paper also identifies the main obstacles to creating developed exchange trade of LNG in the Asia-Pacific countries and estimates the most likely places for the emergence of a gas hub.

Power System for Beautiful China

DOI: 10.33917/es- 1.175.2021.14-21

The growth in primary energy consumption in 2019 by 1.3% was provided by renewable energy sources and natural gas, which together provided 75% of the increase. China in the period 2010–2020 held a leading position in the growth of demand for energy resources, but according to forecasts, India will join it in the current decade

Modeling of conceptual principles for the formation of an energy strategy for natural gas consumption by industrial enterprise

DOI: 10.33917/mic-5.94.2020.26-38

A study of the methodological and methodological aspects of managing economic processes allowed the authors to determine the basic conceptual principles for the formation of an energy strategy for the use of natural gas in industrial enterprises and distribute them into groups. This article presents the author’s classification of the system of principles for the formation of an energy-efficient strategy for using natural gas at an industrial enterprise, analyzes the principles considered on this issue, which allowed them to be combined into the following target groups: organizational, economic, financial, environmental, technological, methodological and specific. The authors propose, formulate and justify two new specific principles for the formation of an energy strategy: the risk principle of the energy strategy and the principle of reorganization of energy chains of natural gas consumption by an enterprise. For most of the principles presented, regression models have been developed for their quantitative assessment. Conclusions are made regarding the proposed classification of principles, according to which all principles are of equal importance in the implementation of the energy strategy and should be implemented and investigated simultaneously.

Natural Gas Energy Consumption Strategy by iron and steel industry enterprises

DOI: 10.33917/mic-4.93.2020.38-46

The existing modern conceptual approaches to the formation of an assessment of the natural gas consumption strategy in the steel industry do not allow assessing comprehensively all the processes that occur in the enterprise affecting the efficiency of natural gas consumption. Due to the fact that natural gas acts an important role as a universal energy resource, both in the economy and in international politics, the modern strategy for assessing the consumption of natural gas in the steel industry is becoming a key factor in increasing competitiveness and guaranteeing sustainable economic growth of the country’s steel industry.

The article proposes a conceptual approach to the development of the model in order to assess the strategy of natural gas consumption at iron and steel enterprises, which allows timely management decisions to be taken to increase the organization of efficient energy consumption at the enterprise.

Based on the proposed conceptual approach to assessing the strategy of natural gas consumption at the iron and steel industry, it can be stated that this assessment is interconnected with the assessment of the integral criterion for the implementation of the goals of organizing effective energy management.

Impact of prices on imported and domestic natural gas supplies to China

The article identifies the problems of pricing in China for the transportation of natural gas local and imported from Central Asia, as well as imported and local liquefied natural gas (LNG). The works of foreign authors on this subject are analyzed. The author concludes that currently it is necessary to take into account the import of gas to China through the Power of Siberia gas pipeline, which will supply 38 billion m3 of Russian gas per year for the Eastern regions of China, as well as other new gas import projects from Russia to China, which will make a significant contribution to the implementation of China’s plans to switch from coal to gas and improve the environmental situation in the country.

History of Energy Prices

#1. Event Horison
History of Energy Prices

In this article long-term trends of the energy market are viewed not from the point of view of supply and demand balance, as it is usually done, but exclusively analyzing quotations. Particular attention is paid to coal prices, which have been traced since 1834. The main conclusion is that there isn’t any shortage of raw materials on the planet, and the tendency of refusing mineral fuel in favor of renewable sources, if it is manifested in quotations — it will happen only in several decades. Much more important for price dynamics are big cycles of the business situation, on the basis of which a long-term forecast is made.