Transformation of the global energy resources market as a challenge for Russia’s energy security

E.V Demidova,V.V Avilova,E.V Shamsutdinov,Yu.V Vankov,V.V Sergeev

doi:10.1051/e3sconf/201912405085

Abstract

We have analyzed the main trends of development of the global energy resources market, as well the positions of countries and major companies that have influence on global energy security. It also considers principal threats and prospects of preserving the national energy security of Russia.

Highlights

The vast contents of energy resources in certain countries and their absence in other ones have always been the primary reason for major international conflicts and contradictions between enterprises that have power in the global market of fuel and energy resources and that mostly define energy security in the world and in certain states.The unfolding situation with the hydrocarbon energy sources is typical for other natural resources, mainly for ores of nonferrous, rare and precious metals and certain non-metallic minerals [1]
When in the 1990s Russian oil and gas enterprises as well as manufacturers of gas and petrochemical products were in a state of consistent decline, few people could predict that literally after a decade the situation would dramatically change, and Russia would be able to retain its leading position in the global fuel and energy market but would assume the role of a key – global – supplier of energy and the guarantor of energy security [2]
The changes that are happening recently in the global fuel and energy sector demonstrate that the top position among the defining long-term factors of development is occupied by technologies rather than resources, while the size and quality of the resources themselves take a back seat

Summary

Introduction

The vast contents of energy resources in certain countries and their absence in other ones have always been the primary reason for major international conflicts and contradictions between enterprises that have power in the global market of fuel and energy resources and that mostly define energy security in the world and in certain states. When in the 1990s Russian oil and gas enterprises as well as manufacturers of gas and petrochemical products were in a state of consistent decline, few people could predict that literally after a decade the situation would dramatically change, and Russia would be able to retain its leading position in the global fuel and energy market but would assume the role of a key – global – supplier of energy and the guarantor of energy security [2] This allows us to take a look at the modern problems of energy security in the world and in Russia in particular from a totally new perspective. - to identify the primary threats and prospects of ensuring the national energy security of Russia

Analysis of most significant trends of the global energy resources market

Findings

Conclusion