Position of Russia in foreign economic activity with China in the field of natural liquefied gas

Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russia

¹ Corresponding author: qizhi321049@yahoo.com

Abstract

In the current conditions of development of the international market for liquefied natural gas (LNG) under the influence of geopolitical factors, the development of the LNG supply chain, which attracts large-scale international investments, the pursuit of the green agenda and the growing maritime trade in LNG, the issue of identifying the strategic positions of countries in this sector is actualized. In accordance with this problem, the purpose of the study is to identify the position of Russia in foreign economic relations with China in the field of LNG relative to other countries. To achieve this goal, a study was conducted on the main players in the international LNG market, their role in the development, production, transportation and sale of gas, as well as foreign economic relations using methods of analysis, synthesis, systematization and economic analysis. The result of the study showed that in the near future, despite the short-term sharp reduction in China’s gas consumption, the need for LNG will increase due to the influence of a number of identified factors. Under these conditions, it is necessary to evaluate Russia’s position within the framework of the emerging opportunities for the growth of the sales market.