Tag: ринок природного газу

Theoretical foundations of the international gas market

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. Theoretical foundations of the international gas market//Science online: International Scientific e-zine - 2023. - №5. - https://nauka-online.com/en/publications/economy/2023/5/09-14/

Annotation: The existence of several different degrees of restructuring, uneven dynamics, transition from a natural monopoly to a competitive market with new strategic and economic opportunities are some of the defining features of the natural gas market that make it an important element of the economy. In such an oligopolistic market, entities must determine a strategic and competitive advantage with a positive impact on the competitive environment. Today, the main attention in the global gas market is drawn to the problem of Ukraine's dependence on gas imports from Russia and the need to reduce this dependence by developing domestic gas production and promoting supply diversification. Changes in gas production, consumption, and transportation can lead to complex problems, such as conflicts between international partners, sharp changes in gas prices, reduction of oil and gas dependence of countries, etc. Studying the mechanisms of the international gas market is a relevant research topic, as it will help to understand the problems and find ways to solve them. The main purpose of the study is to analyze the degree of concentration of the European gas market and to consider the principles of its functioning and influence on global economic processes. The study emphasizes Russia's dominant position in the European gas market and suggests that it can be replaced by other suppliers. Like any substitute product, the price of gas directly depends on the dynamics of prices for alternative fuels, especially on oil price fluctuations. The transition from vertically integrated monopolies to competitive structures has affected price formation in the global market

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