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Comprehensive Assessment of Resource Efficiency of Russian Gas Industry Companies

Author

Listed:
  • Larisa V. Vazhenina
  • Elena R. Magaril
  • Igor A. Mayburov

Abstract

The purpose of this study is to develop methodological foundations for a comprehensive assessment of the resource efficiency of natural gas extraction, processing and pipeline transportation companies as the basis for balanced consumption and resource provision. The study shows that in complex and rapidly changing conditions, the growth of global consumption of hydrocarbons, in particular natural gas, triggers a search for new resource-saving methods and technologies that reduce the resource intensity of industrial production and the impact on the environment, to develop resource-efficient methods and resource-saving policies. The paper proposes a conceptual approach to a comprehensive assessment of the resource efficiency of gas industry companies and highlights its main provisions. A methodological approach and a methodology for a comprehensive assessment of the resource efficiency of the gas industry have been developed, including an integral calculation and a comparative assessment of the resource efficiency indicators of industrial enterprises: extraction, processing and pipeline transport of natural gas. The proposed methodology for a comprehensive assessment of resource efficiency is distinguished by a system of indicators reflecting the functioning of production, economic, financial, investment, energy and environmental spheres of activity, which makes it possible, based on simulation modeling and scenario forecasting, to conduct a comparative analysis of the development of industry companies by the level of resource conservation, resource availability and resource consumption in the post-forecast and forecast period. The proposed methodology for a comprehensive assessment of resource efficiency in the formation of an optimal structure of resource supply and resource consumption of an industrial enterprise is distinguished by the use of predictive and analytical tools and simulation modeling of the activities of industrial companies, which enables them to determine their resource-efficient development option and select promising business processes. The methodological tools were tested using the cases of companies engaged in gas production (Novatek), gas processing (Sibur) and pipeline gas transportation (Gazprom). The analysis of the results of the conducted approbation showed the existing differences in modern mechanisms for resource conservation, consumption and provision of resources in industry companies, as well as possible growth points and prospects for their resource-efficient development.

Suggested Citation

  • Larisa V. Vazhenina & Elena R. Magaril & Igor A. Mayburov, 2022. "Comprehensive Assessment of Resource Efficiency of Russian Gas Industry Companies," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 21(3), pages 454-485.
    • Handle: RePEc:aiy:jnjaer:v:21:y:2022:i:3:p:454-485
    DOI: http://dx.doi.org/10.15826/vestnik.2022.21.3.016
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    References listed on IDEAS

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    1. Li, Weiqing & Chien, Fengsheng & Hsu, Ching-Chi & Zhang, YunQian & Nawaz, Muhammad Atif & Iqbal, Sajid & Mohsin, Muhammad, 2021. "Nexus between energy poverty and energy efficiency: Estimating the long-run dynamics," Resources Policy, Elsevier, vol. 72(C).
    2. V.V. Krivorotov & A.V. Kalina & S.E. Erypalov & P.A. Koryakina, 2021. "Energy Efficiency of Russian Copper Companies as a Basis for Ensuring Their Global Competitiveness," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(3), pages 428-460.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    gas industry companies; resource efficiency indicators; circular economy; comprehensive assessment; integral calculation; resource-saving projects; resource availability.;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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