scholarly journals EVALUATION OF ECONOMIC EFFICIENCY OF RUSSIAN PROJECTS OF LNG EXPORT TO THE ASIA-PACIFIC REGION’S COUNTRIES

2019 ◽  
Vol 2 (5) ◽  
pp. 232-239
Author(s):  
Nikita Ignatyev ◽  
Irina Provornaya
Keyword(s):  
Monte Carlo ◽  
Monte Carlo Method ◽  
Natural Gas ◽  
Economic Efficiency ◽  
Liquefied Natural Gas ◽  
Operating Costs ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
The Monte Carlo Method

In this work, the Monte Carlo method is used to determine the effectiveness of investments of Russian projects of the export of liquefied natural gas to the countries of the Asia-Pacific region, namely Japan, China and South Korea. The volumes of capital costs for the construction of the facility, operating costs for the operation of the facility, the price of liquefied natural gas were chosen as free parameters in the application of the Monte Carlo method. To perform the work, a forecast of prices for liquefied natural gas in the Asia-Pacific region was made based on the forecast of prices for Brent crude oil. Furthermore, the paper presents a forecast of operating costs for the operation of the project until 2035. The result is to determine the economic efficiency of the Yamal LNG project. The application of the Monte Carlo method showed that the net present value of the project by 2035 is most likely to be about $ 22 billion. Such an excellent result was possible due to the significant tax benefits provided by the state in accordance with the program of development of the oil and gas industry in the Arctic part of Russia.

scholarly journals ECONOMIC ENVIRONMENT OF ARCTIC LIQUEFIED NATURAL GAS SUPPLIESTO THE ASIAN-PACIFIC REGION COUNTRIES UNDER THE END OF THE “TRADE WAR” BETWEEN THE USA AND CHINA

2020 ◽  
Vol 68 (2/2020) ◽  
pp. 12-21
Author(s):  
M. V. Ulchenko ◽  
Keyword(s):  
United States ◽  
Growth Rate ◽  
Natural Gas ◽  
South Korea ◽  
The United States ◽  
Liquefied Natural Gas ◽  
Asia Pacific ◽  
Russian Arctic ◽  
Pacific Region ◽  
Asia Pacific Region

Currently, the Asia-Pacific market is a priority goal for almost all major producers of liquefied natural gas(LNG). This is due to the relatively high price that local consumers are willing to pay, as well as the accelerated growth rate of natural gas consumption. At the same time, China is the main driver of growth in demand for LNGin the world, has concluded a trade agreement with the United States, which involves the purchase of energy resources worth more than $ 52 billion over two years. Given the decline in LNG prices, as well as increased competition, the issue of the prospects for sales of Russian Arctic gas on the market of the Asia-Pacific region becomes particularly relevant.The study provides a generalized assessment of the needs of the main importers of LNG ––China, South Korea and Japan, with a planning horizon of 4–5 years. The relatively high growth rates of the economy, partial rejection of nuclear energy, struggle to improve the environmental situation, as well as the desire to diversify supply routes explain the needs of the countries in the Asia-Pacific region for additional volumes of LNGin the near future. The analysis showed that both Japan and South Korea are interested in increasing the volume of imports of Russian arctic LNG, whose key advantages over most competitors are the price and relative proximity of sales markets. At the same time, the reduction in the number of operating gas drilling rigs in the United States indicates that it will not be possible to maintain the growth rate of LNG production at the level of 2018 and 2019.

scholarly journals Development of the Arctic gas industry and prospects for the Russian LNG market in the Asia-Pacific region

2020 ◽  
Vol 84 ◽  
pp. 03006
Author(s):  
Mikhail Ulchenko
Keyword(s):  
United States ◽  
Natural Gas ◽  
South Korea ◽  
The United States ◽  
Liquefied Natural Gas ◽  
Asia Pacific ◽  
The Arctic ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Gas Industry

The article is devoted to the study of the development of the Arctic gas industry and the prospects of LNG sales in the market of the Asia-Pacific region. It is shown that the largest projects for the production of liquefied natural gas in Russia are concentrated in the Yamal-Nenets Autonomous district - “Yamal LNG” and “Arctic LNG - 2”. The growth of economies, partial abandonment of nuclear energy and coal contributes to the growth of natural gas consumption in the countries of the Asia-Pacific region. Japan, China and South Korea remain the largest LNG importers. The analysis showed that South Korea and Japan, despite all efforts to reduce energy consumption, are interested in increasing the volume of purchases of Russian liquefied natural gas. To meet their needs, Japanese companies “Jogmeg” and “Mitsui” purchased a 10% stake in the “Arctic LNG - 2” project for $ 25 billion. China, having concluded a trade agreement with the United States, will try to meet the growing demand for oil and gas through the supply of American energy resources. However, given the decline in the number of operating rigs in the United States, it is not certain that China will not need additional supplies from other exporters.

Asia-Pacific region as promising vector for Russian natural gas exports

2020 ◽  
pp. 68-83
Author(s):  
V.V. Bessel ◽  
◽  
V.G. Kutcherov ◽  
A.S. Lopatin ◽  
E.A. Obuhova ◽  
...  
Keyword(s):  
Natural Gas ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region
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