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Issues of LNG producing companies entering the eastern markets and ways to overcome them

Authors :
F. A. Ostroumov
V. Ya. Afanasiev
Source :
Вестник университета, Vol 0, Iss 7, Pp 79-84 (2024)
Publication Year :
2024
Publisher :
Publishing House of the State University of Management, 2024.

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.

Details

Language :
English, Russian
ISSN :
18164277 and 26868415
Issue :
7
Database :
Directory of Open Access Journals
Journal :
Вестник университета
Publication Type :
Academic Journal
Accession number :
edsdoj.f68d3c2a12dc4b73a10dd8113740bac0
Document Type :
article
Full Text :
https://doi.org/10.26425/1816-4277-2024-7-79-84