Chinese Prospects for Russian Gas

Abstract

The subjects of the study are the current state and forecasts of the long — term development of the Chinese natural gas market.
The purpose of the work is to establish prospects for increasing the supply of fossil fuels to the Chinese natural gas market.
During the period of economic slowdown, the imbalance of supply and demand in the global hydrocarbon market causes its destabilization. It is justified based on the conclusions of experts from international and Russian organizations that it is currently impossible to predict in the foreseeable future the period of peak demand for gas in China, which gives reason to call the XXI century the time of transformation of the gas industry.
Based on the results of the study factors of long-term dynamics of gas demand, an attempt is made to assess the possibilities of expanding Russia’s participation in the Chinese gas market and proposals are formulated to improve the use of the potential for the development of energy cooperation between China and Russia.
It has been established that the most promising direction for increasing Russian gas exports to China is the organization of Russian LNG supplies to the coastal regions of China, where a steady increase in gas demand is predicted.
Conclusions are drawn based on the conclusions of experts from international and Russian organizations that the increase in LNG exports will contribute to the inflow of capital to the gas market of our country, which will have a positive impact on entrepreneurial activity in related sectors of the economy.