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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.

Under the conditions of sanctions, the development of petrochemical production in Under the conditions of sanctions, petrochemical production development in Russia is especially important both from the point of view of high-grade products growth with increased margins and the need to increase demand for hydrocarbons within the country with a decrease in export supplies. The purpose of the study is to analyze the existing and identify the main possible incentive measures of state support to enhance investment activities in modernization and creation of new production facilities of Russian petrochemical complex. Methods such as generalization, analysis and synthesis, classification and modeling were used in the work. As a study result, main problems and challenges facing the industry have been identified. Priority areas of oil and gas companies’ activity necessary for petrochemistry accelerated development, positive examples of cooperation in the field of gas processing and gas chemistry, as well as industrial clusters creation have been presented. Project financing mechanisms of the state corporation VEB.RF have been analyzed. The need to attract competent specialized Russian EPC contractors from the register recommended by VEB.RF for implementing projects in the field of petrochemistry has been explained. Using the example of methanol production and its use as a raw material for high-grade products creation, importance of long-term contractual relations between the state and business, such as agreements on protection and promotion of capital investments and special investment contracts, has been shown. The need to ensure continuity of state support measures at all stages of creating and implementing technologies for developing and improving petrochemical products has been formulated.

The article discusses promising areas that contribute to the formation of a closed-cycle economy or, in other words, a circular economy in the Russian fuel and energy complex. The basic principles of the circular economy model aimed at preserving the environment through the transition from linear business models to more closedones and by increasing the efficiency of natural resources use have been outlined. The data on the estimates of the negative impact combustion of associated petroleum gas have been presented, the methods of its rational utilization and further use as raw materials for high-grade products have been analyzed. The petrochemical complex is presented as one of the fundamental elements of the circular economy. The advantages of using biogas as a supplement and alternative to fossil natural gas when moving towards a circular economy have been substantiated. The importance of implementing biogas projects in Russia in modern conditions has been emphasized. Factors’ number of constraining the development pace of the circular economy in the fuel and energy complex sectors have been identified. The key support measures and stimulation of companies by the state have been outlined.

Due to the fact that the sanctions regime of Western countries is aimed at destroying Russia’s foreign trade relations and restraining the economic development of Russia, the article considers the increased importance of the main aspects of energy stability and presents a state assessment of Russian Federation energy security in conjunction with energy availability and environmental sustainability using the energy trilemma index. A number of urgent problems that have arisen in the fuel and energy complex as a result of sanctions have been identified. The general scheme of fuel and energy complex transformation is presented and possible ways of solving problems are given. The necessity of carrying out a set of measures for the transformation of the fuel and energy complex, including short- and medium-term measures necessary to ensure the state of energy security and sustainable economic development of Russia is substantiated.