Trends in The World Oil and Gas Market: A New System of Relations in The Post-Covid World
https://doi.org/10.48137/2687-0703_2022_17_1_34
Abstract
The article describes the changes in the oil and gas markets during the coronavirus pandemic, discusses their current state and development prospects. The changes in the oil and gas markets after the pandemic are analyzed. The influence of the introduced restrictions on the world demand for oil and oil products is analyzed. The consequences of the imposed movement restrictions are analyzed. The impact of the pandemic on the air transportation market and the jet fuel market is described. The issues of decarbonization of energy markets and the consequences of the energy transition are considered. The issues of achieving carbon neutrality are considered within the framework of the European region and the taken measures to reduce the level of carbon dioxide emissions. Particular attention is paid to the European gas market. An analysis was made of both pipeline gas and the LNG market. The main routes of gas supplies to the region are described. Scenarios for the development of the European gas market are described. The geopolitical aspects of the development of the European gas market and its connection with Russia are considered. The current state of the European oil market is described. The influence of the European policy on decarbonization and achieving carbon neutrality on the Russian energy market is considered. The prospects for the development of the Russian energy industry are analyzed. Scenarios for the development of the Russian oil and gas market, as well as the potential for the use of renewable energy sources in the country, are described. The potential for the use of solar and wind energy in Russia, as well as the development of hydrogen energy, is considered.
About the Author
A. S. Storozhev
Institute for Energy and Finance Foundation
Russian Federation
Russian Federation
Andrei S. Storozhev – Expert at the Institute for Energy and Finance Foundation.
24, 2nd Gastello str., Tula, 300053
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Review
For citations:
Storozhev A.S. Trends in The World Oil and Gas Market: A New System of Relations in The Post-Covid World. Geoeconomics of Energetics. 2022;(1):34-46. (In Russ.) https://doi.org/10.48137/2687-0703_2022_17_1_34
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