scholarly journals The Role of Hydrocarbons in the Global Energy Agenda: The Focus on Liquefied Natural Gas

Resources ◽  
2020 ◽  
Vol 9 (5) ◽  
pp. 59 ◽  
Author(s):  
Vladimir Litvinenko
Keyword(s):  
Natural Gas ◽  
Alternative Energy ◽  
State Regulation ◽  
Point Of View ◽  
Regulation System ◽  
Chemical Production ◽  
Global Energy ◽  
Paradoxical Situation ◽  
Energy Options ◽  
Energy Companies

Presently, there is a paradoxical situation in the global energy market related to a gap between the image of hydrocarbon resources (HCR) and their real value for the economy. On the one hand, we face an increase in expected HCR production and consumption volumes, both in the short and long term. On the other hand, we see the formation of the image of HCR and associated technologies as an unacceptable option, without enough attention to the differences in fuels and the ways of their usage. Due to this, it seems necessary to take a step back to review the vitality of such a political line. This article highlights an alternative point of view with regard to energy development prospects. The purpose of this article is to analyse the consistency of criticism towards HCR based on exploration of scientific literature, analytical documents of international corporations and energy companies as well as critical assessment of technologies offered for the HCR substitution. The analysis showed that: (1) it is impossible to substitute the majority of HCR with alternative power resources in the near term, (2) it is essential that the criticism of energy companies with regard to their responsibility for climate change should lead not to destruction of the industry but to the search of sustainable means for its development, (3) the strategic benchmarks of oil and coal industries should shift towards chemical production, but their significance should not be downgraded for the energy sector, (4) liquified natural gas (LNG) is an independent industry with the highest expansion potential in global markets in the coming years as compared to alternative energy options, and (5) Russia possesses a huge potential for the development of the gas industry, and particularly LNG, that will be unlocked if timely measures on higher efficiency of the state regulation system are implemented.

scholarly journals Valuation of Energy Security for Natural Gas—European Example

Energies ◽  
2021 ◽  
Vol 14 (9) ◽  
pp. 2678
Author(s):  
Piotr Kosowski ◽  
Katarzyna Kosowska
Keyword(s):  
Natural Gas ◽  
Energy Security ◽  
Stochastic Modelling ◽  
Optimal Level ◽  
Primary Energy ◽  
Green Energy ◽  
Point Of View ◽  
Potential Cost ◽  
Energy Companies ◽  
Gas Supply

Recently there has been an ongoing discussion about energy security. This has been caused by tensions affecting international relations, and the emergence of new geopolitical threats. As one of the main sources of primary energy, natural gas is an obvious subject of interest in this discussion. In Europe, the natural gas market is rapidly evolving, which has resulted in a lack of clarity regarding who is responsible for the security of the gas supply. It is not clear now how to measure the security of the gas supply in economic estimates and by whom that security should be financed. In this paper, the authors present an approach which can be used for valuation of energy security concerning the security of natural gas storage using stochastic modelling based on the mathematical model of the “Newsvendor problem”. The valuation is made from the point of view of countries and considers their individual attitudes to the risk of disruption of deliveries, which is a novel approach to the problem. The authors believe that the current level of storage capacities, as compared to the demand for natural gas, can show the attitude of each country to the risk and potential cost of stockout. In line with this belief, the target value in the model is not the optimal level of inventory, but the cost of stockout. The results show significant variations in the assessment of the risk. The future of natural gas as an important fuel and source of primary energy in Europe is not clear and unfavorable changes have been sped up by the COVID-19 pandemic. Gas (energy) companies in Europe are turning to decarbonization and green energy, and the pandemic has accelerated these changes. European energy companies used to see the use of natural gas as a transition fuel and a key component of their long-term decarbonization strategies, but now they are switching to multi-energy models through massive investments in renewables and hydrogen. Experts expect that gas will remain an important part of Europe’s energy supply, but it may be gradually replaced by hydrogen and renewables.

scholarly journals Financial viability and environmental aspects in the selection of energy sources for sanitary hot water (SHW) and heated swimming pools

2019 ◽  
pp. 46-70
Author(s):  
Angeles Longarela-Ares
Keyword(s):  
Natural Gas ◽  
Alternative Energy ◽  
Net Present Value ◽  
Renewable Energy Sources ◽  
High Energy ◽  
Point Of View ◽  
Hot Water ◽  
Energy Sources ◽  
Financial Viability ◽  
Viability Analysis

Sustainability and energy efficiency are topics of great interest, especially in the sports facilities management sector due to the high energy costs. One of the MOST Relevant costs is derived from the consumption of domestic hot water (DHW) and swimming pool. The objective of This work is to study new ways to manage and reduce costs through the These valuation of the use of traditional and renewable energy sources and the Necessary investment to Contribute to the promotion of a more sustainable vision of business management. Four alternative energy installations (Natural Gas, Biomass, Solar Thermal Combined With Natural Gas or Biomass) are Proposed, it is verified Which is more suitable in terms of financial viability and one of them is selected. For This purpose, we start from a hypothetical companycase and a 20-year forecast of the energy consumption, the costs and initial investment of each alternative is made; viability analysis are performed With the Net Present Value (NPV) and the results are Obtained Compared. The Conclusion Is That The most Appropriate solution, from a financial point of view, for sports centers similar to the company-case and With the Considered Circumstances, is the installation of Biomass, an option That, in Addition, can be Considered respectful With the environment.

PREREQUISITES FOR THE FORMATION OF A MECHANISM FOR STATE REGULATION OF SOCIAL GUARANTEES IN THE REGION

2017 ◽  
Author(s):  
Vitaly Lobas ◽  
◽  
Elena Petryaeva ◽  
Keyword(s):  
Social Protection ◽  
Well Being ◽  
State Regulation ◽  
The State ◽  
Point Of View ◽  
Periodic Review ◽  
Cost Of Living ◽  
Economic Relations ◽  
State Management ◽  
The Cost

The article deals with modern mechanisms for managing social protection of the population by the state and the private sector. From the point of view of forms of state regulation of the sphere of social protection, system indicators usually include the state and dynamics of growth in the standard of living of the population, material goods, services and social guarantees for the poorly provided segments of the population. The main indicator among the above is the state of the consumer market, as one of the main factors in the development of the state. Priority areas of public administration with the use of various forms of social security have been identified. It should be emphasized that, despite the legislative conflicts that exist today in Ukraine, mandatory indexation of the cost of living is established, which is associated with inflation. Various scientists note that although the definition of the cost of living index has a well-established methodology, there are quite a lot of regional features in the structure of consumption. All this is due to restrictions that are included in the consumer basket of goods and different levels of socio-economic development of regions. The analysis of the establishment and periodic review of the minimum consumer budgets of the subsistence minimum and wages of the working population and the need to form state insurance funds for unforeseen circumstances is carried out. Considering in this context the levers of state management of social guarantees of the population, we drew attention to the crisis periods that are associated with the market transformation of the regional economy. In these conditions, there is a need to develop and implement new mechanisms and clusters in the system of socio-economic relations. The components of the mechanisms ofstate regulation ofsocial guarantees of the population are proposed. The deepening of market relations in the process of reforming the system of social protection of the population should be aimed at social well-being.

Geopolitics of Energy

2016 ◽  
Vol 3 (1) ◽  
pp. 78
Author(s):  
Blerina Muskaj
Keyword(s):  
Natural Gas ◽  
Qualitative Methodology ◽  
Scientific Literature ◽  
Point Of View ◽  
Energy Market ◽  
Energy Potential ◽  
Environmental Consequences ◽  
Regional Energy ◽  
Political Debates ◽  
Political Weapon

At the beginning of my paper I will explain the concept of "Geopolitics of Energy", this will be done for a quite simple reason, because I want everyone who can sit to read this article to understand more clearly what is at stake, therefore allow them the comprehension of what is being elaborated bellow at first sight. Geopolitics of energy is a concept that relates to policies choosing exporters to implement on importers, is the policy that has an impact on energy consumption, which includes consumer’s choice in the geopolitical context, taking into account the economy, foreign policy, the safety of energy, environmental consequences and priorities that carries the energy exporter. This concept permits the understanding of how works the politics that undertakes this initiative taking into account natural resources such as: natural gas and oil. Natural gas and oil are two main resources that produce energy but also two main elements on which arises all the topic in the energetics game. For this paper is used qualitative methodology, through which we were able to accomplish this work. I focused on scientific literature, official publications and reports on energy geopolitics. The main aim has been to show how in this decade, energy security is at the center of geopolitical agenda and has become the focus of numerous political debates. Regarding this point of view, Europe is taking the initiative to create a common energy market within the continent by creating projects, in which Albania appears as a new regional energy potential. Russia, which is aiming to play a role in the international arena, is seeking to position itself geopolitically in "its political weapon", hydrocarbon resources, in particular natural gas resources.

Assessment and analysis of efficiency system management by innovative factors for sustainable development of national economy from the position satisfaction of vital interests population in Ukraine

2019 ◽  
pp. 6-16
Author(s):  
Оксана Василівна Бондар-Підгурська ◽  
Алла Олександрівна Глєбова
Keyword(s):  
Sustainable Development ◽  
Human Development ◽  
National Economy ◽  
Public Debt ◽  
Methodological Approach ◽  
State Regulation ◽  
Point Of View ◽  
Financial Policy ◽  
System Management ◽  
Stage Of Development

The scientific and methodological approach to the evaluation and analysis of the efficiency of system management by innovation factors for sustainable development of national economy from the point of view satisfaction vital interest’s population is developed. This is the calculation of the modernized index human development based on the adjective model based on 26 indicators (social, economic and environmental subsystems), as well as using the methods of the main components and the slip matrix. The resultant value is the modernized Human Development Index (MHDІ) of Ukraine. The architectonics MHDІ of Ukraine in 2007–2017 from the position of sub-indices of the ecological, social and economic subsystems is analyzed. Consequently, the scientific and methodological approach based on the MHDI change allows us to draw conclusions regarding the effectiveness of the work and public administration bodies in the context of making managerial decisions regarding the satisfaction of the vital interest’s population. MHDI considers the main regulated parameter of the system management in the innovation factors of sustainable development in socially oriented economy. The tendency of steady decline MHDI of Ukraine in 2007–2017 on 53.45 % was confirmed, which confirms inefficient state regulation of crisis situations in Ukraine. In order to increase the efficiency management of innovative factors by sustainable development of the national economy, from the standpoint of satisfaction vital interest’s population, it is proposed to intensify the use of public debt and savings bonds, market and non-market methods of relief and debt load. This is due to the fact that at the current stage of development in the national economy, public external debt is one of the most significant indicators of the state economy. It is at the same time a criterion for the effectiveness of public financial policy, as well as a threat and opportunity for the Ukrainian economy. In order to optimize its size, various methods, approaches, tools are used. Based on the analysis of world experience, it has been established that the securities market, in particular debt securities, plays a strategic role in regulating this issue. Therefore, it makes sense to recommend government debt bonds and government savings bonds to optimize the amount of external public debt.

scholarly journals Comparison between Concentrated Solar Power and Gas-Based Generation in Terms of Economic and Flexibility-Related Aspects in Chile

Energies ◽  
2021 ◽  
Vol 14 (4) ◽  
pp. 1063
Author(s):  
Catalina Hernández Moris ◽  
Maria Teresa Cerda Guevara ◽  
Alois Salmon ◽  
Alvaro Lorca
Keyword(s):  
Natural Gas ◽  
Solar Power ◽  
Renewable Energy Sources ◽  
Cost Effective ◽  
Hybrid Plant ◽  
Point Of View ◽  
Concentrated Solar Power ◽  
Economic Point ◽  
Hybrid Plants ◽  
Cost Of Energy

The energy sector in Chile demands a significant increase in renewable energy sources in the near future, and concentrated solar power (CSP) technologies are becoming increasingly competitive as compared to natural gas plants. Motivated by this, this paper presents a comparison between solar technologies such as hybrid plants and natural gas-based thermal technologies, as both technologies share several characteristics that are comparable and beneficial for the power grid. This comparison is made from an economic point of view using the Levelized Cost of Energy (LCOE) metric and in terms of the systemic benefits related to flexibility, which is very much required due to the current decarbonization scenario of Chile’s energy matrix. The results show that the LCOE of the four hybrid plant models studied is lower than the LCOE of the gas plant. A solar hybrid plant configuration composed of a photovoltaic and solar tower plant (STP) with 13 h of storage and without generation restrictions has an LCOE 53 USD/MWh, while the natural gas technology evaluated with an 85% plant factor and a variable fuel cost of 2.0 USD/MMBtu has an LCOE of 86 USD/MWh. Thus, solar hybrid plants under a particular set of conditions are shown to be more cost-effective than their closest competitor for the Chilean grid while still providing significant dispatchability and flexibility.

Innovations in the state regulation system for prices of shipbuilding products

2020 ◽  
pp. 78-90
Author(s):  
Yuri Vladimirovich Kangur ◽  
Elena Sergeyevna Palkina
Keyword(s):  
State Regulation ◽  
The State ◽  
Regulation System

Genetic Technologies in Russian Agriculture: Regulatory Issues and Public Opinion

2021 ◽  
Vol 37 (1) ◽  
pp. 5-20
Author(s):  
K.G. Skryabin ◽  
A.M. Kamionskaya
Keyword(s):  
Regulatory System ◽  
Basic Research ◽  
State Regulation ◽  
Regulation System ◽  
Russian Society ◽  
Opinion Poll ◽  
Innovation Potential ◽  
Russian Agriculture ◽  
Genetic Technologies ◽  
Technological Platform

This study analyzes the current regulatory system for genetic engineering in Russia in terms of expected amendments related to genome editing technology, given that its products - genome-edited crops - have already appeared on the international market. A list of corresponding concepts that require legal rethinking and definition has been compiled. Changes in the model of state regulation of genetic technologies in Russia are proposed: the transition from a process-oriented regulation system to a risk-based system. To assess the risk of public rejection of the products of genetic technology and new biotechnologies, 931 participants of the opinion poll have been selected who underwent an online sociological survey using purposive sample techniques. The obtained results revealed the innovation potential of the Russian society and experts in the novel genetic and digital technologies in agriculture, their attitude to the threat of global hunger and the application of biodegradable materials and biofuels in relation to the circular economy. genetic technologies, GMOs, regulations, opinion poll, Russia The authors thank the staff of Technological platform Biotech2030, Moscow, Russia This paper is part a study that was partially supported by the Russian Foundation for Basic Research (RFBR) (project no. 18-29-14067/18).

scholarly journals Syngas Production Using Natural Gas from the Environmental Point of View

2018 ◽  
Author(s):  
Karina Tamião de Campos Roseno ◽  
Rita M. de B. Alves ◽  
Reinaldo Giudici ◽  
Martin Schmal
Keyword(s):  
Natural Gas ◽  
Point Of View ◽  
Syngas Production
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