Is the implementation of energy savings and EROI increasing policy really effective in Russian gas companies? The case of JSC “Gazprom”
Natural gas resources production in Russia is profitable, both economically and in terms of the energy produced. In 2017, the Gazprom Return on Energy Investment (further- EROI) for the production, transportation, and processing was 79:1 that is a high level of the coefficient, and Energy Savings�...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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KeAi Communications Co., Ltd.
2019-12-01
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| Series: | Natural Gas Industry B |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352854019301184 |
| _version_ | 1797288922933362688 |
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| author | Steblyanskaya Alina Zhen Wang Denisov Artem Rybachuk Maxim Razmanova Svetlana |
| author_facet | Steblyanskaya Alina Zhen Wang Denisov Artem Rybachuk Maxim Razmanova Svetlana |
| author_sort | Steblyanskaya Alina |
| collection | DOAJ |
| description | Natural gas resources production in Russia is profitable, both economically and in terms of the energy produced. In 2017, the Gazprom Return on Energy Investment (further- EROI) for the production, transportation, and processing was 79:1 that is a high level of the coefficient, and Energy Savings' scale (further – ES) constantly under enhancing. However, nowadays for Russian gas companies, there is an urgent question about EROI and ES transversal links with other sustainable factors. Which financial and non-financial factors can lead to the highest level of energy sustainability? In the Research Authors regard Energy efficiency growth as the result of the transversal processes with financial resources affecting the Company's technical innovation state, ecological environment, and social responsibility. Three energy efficiency models with forecasts till 2030 were built. The optimal EROI model shows a forecast trend under the influencing Return on Labor, Net Profit growth, and Research and Development expenses. Energy Savings models' forecast were built under the influencing Higgins sustainable growth rate, social and environmental expenses, and Research and Development expenses. Keywords: Russian natural gas industry, Gazprom, EROI, Energy savings, Energy efficiency sustainability, ARIMA model, JEL: G32, F30, M21, Q01, Q40 |
| first_indexed | 2024-03-07T18:56:41Z |
| format | Article |
| id | doaj.art-b036c79c83db4737a67fb6888524f307 |
| institution | Directory Open Access Journal |
| issn | 2352-8540 |
| language | English |
| last_indexed | 2024-03-07T18:56:41Z |
| publishDate | 2019-12-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | Natural Gas Industry B |
| spelling | doaj.art-b036c79c83db4737a67fb6888524f3072024-03-02T00:20:22ZengKeAi Communications Co., Ltd.Natural Gas Industry B2352-85402019-12-0166639651Is the implementation of energy savings and EROI increasing policy really effective in Russian gas companies? The case of JSC “Gazprom”Steblyanskaya Alina0Zhen Wang1Denisov Artem2Rybachuk Maxim3Razmanova Svetlana4Harbin Engineering University, School of Economic and Management, Harbin, ChinaChina University of Petroleum (Beijing), Beijing, China; Corresponding author. China University of Petroleum (Beijing), 1301 office, Building B, 18, Fuxue Road, 102249, Beijing, China.Kostroma State University, Kostroma, RussiaCentral Economics and Mathematics Institute, Russian Academy of Sciences, Department of System Analysis in Economics, Financial University Under the Government of the Russian Federation, Moscow, RussiaLLC «Gazprom VNIIGAZ» (Ukhta Branch), Ukhta, Komi Republic, Russia; Department of management and marketing, Ukhta State Technical University, Ukhta, Komi Republic, RussiaNatural gas resources production in Russia is profitable, both economically and in terms of the energy produced. In 2017, the Gazprom Return on Energy Investment (further- EROI) for the production, transportation, and processing was 79:1 that is a high level of the coefficient, and Energy Savings' scale (further – ES) constantly under enhancing. However, nowadays for Russian gas companies, there is an urgent question about EROI and ES transversal links with other sustainable factors. Which financial and non-financial factors can lead to the highest level of energy sustainability? In the Research Authors regard Energy efficiency growth as the result of the transversal processes with financial resources affecting the Company's technical innovation state, ecological environment, and social responsibility. Three energy efficiency models with forecasts till 2030 were built. The optimal EROI model shows a forecast trend under the influencing Return on Labor, Net Profit growth, and Research and Development expenses. Energy Savings models' forecast were built under the influencing Higgins sustainable growth rate, social and environmental expenses, and Research and Development expenses. Keywords: Russian natural gas industry, Gazprom, EROI, Energy savings, Energy efficiency sustainability, ARIMA model, JEL: G32, F30, M21, Q01, Q40http://www.sciencedirect.com/science/article/pii/S2352854019301184 |
| spellingShingle | Steblyanskaya Alina Zhen Wang Denisov Artem Rybachuk Maxim Razmanova Svetlana Is the implementation of energy savings and EROI increasing policy really effective in Russian gas companies? The case of JSC “Gazprom” Natural Gas Industry B |
| title | Is the implementation of energy savings and EROI increasing policy really effective in Russian gas companies? The case of JSC “Gazprom” |
| title_full | Is the implementation of energy savings and EROI increasing policy really effective in Russian gas companies? The case of JSC “Gazprom” |
| title_fullStr | Is the implementation of energy savings and EROI increasing policy really effective in Russian gas companies? The case of JSC “Gazprom” |
| title_full_unstemmed | Is the implementation of energy savings and EROI increasing policy really effective in Russian gas companies? The case of JSC “Gazprom” |
| title_short | Is the implementation of energy savings and EROI increasing policy really effective in Russian gas companies? The case of JSC “Gazprom” |
| title_sort | is the implementation of energy savings and eroi increasing policy really effective in russian gas companies the case of jsc gazprom |
| url | http://www.sciencedirect.com/science/article/pii/S2352854019301184 |
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