Open Access
Open access
Resources, volume 9, issue 5, pages 59

The Role of Hydrocarbons in the Global Energy Agenda: The Focus on Liquefied Natural Gas

Publication typeJournal Article
Publication date2020-05-21
Journal: Resources
Quartile SCImago
Q2
Quartile WOS
Impact factor3.1
ISSN20799276
Management, Monitoring, Policy and Law
Nature and Landscape Conservation
Abstract
Presently, there is a paradoxical situation in the global energy market related to a gap between the image of hydrocarbon resources (HCR) and their real value for the economy. On the one hand, we face an increase in expected HCR production and consumption volumes, both in the short and long term. On the other hand, we see the formation of the image of HCR and associated technologies as an unacceptable option, without enough attention to the differences in fuels and the ways of their usage. Due to this, it seems necessary to take a step back to review the vitality of such a political line. This article highlights an alternative point of view with regard to energy development prospects. The purpose of this article is to analyse the consistency of criticism towards HCR based on exploration of scientific literature, analytical documents of international corporations and energy companies as well as critical assessment of technologies offered for the HCR substitution. The analysis showed that: (1) it is impossible to substitute the majority of HCR with alternative power resources in the near term, (2) it is essential that the criticism of energy companies with regard to their responsibility for climate change should lead not to destruction of the industry but to the search of sustainable means for its development, (3) the strategic benchmarks of oil and coal industries should shift towards chemical production, but their significance should not be downgraded for the energy sector, (4) liquified natural gas (LNG) is an independent industry with the highest expansion potential in global markets in the coming years as compared to alternative energy options, and (5) Russia possesses a huge potential for the development of the gas industry, and particularly LNG, that will be unlocked if timely measures on higher efficiency of the state regulation system are implemented.

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GOST |
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GOST Copy
Litvinenko V. The Role of Hydrocarbons in the Global Energy Agenda: The Focus on Liquefied Natural Gas // Resources. 2020. Vol. 9. No. 5. p. 59.
GOST all authors (up to 50) Copy
Litvinenko V. The Role of Hydrocarbons in the Global Energy Agenda: The Focus on Liquefied Natural Gas // Resources. 2020. Vol. 9. No. 5. p. 59.
RIS |
Cite this
RIS Copy
TY - JOUR
DO - 10.3390/resources9050059
UR - https://doi.org/10.3390%2Fresources9050059
TI - The Role of Hydrocarbons in the Global Energy Agenda: The Focus on Liquefied Natural Gas
T2 - Resources
AU - Litvinenko, Vladimir
PY - 2020
DA - 2020/05/21 00:00:00
PB - Multidisciplinary Digital Publishing Institute (MDPI)
SP - 59
IS - 5
VL - 9
SN - 2079-9276
ER -
BibTex |
Cite this
BibTex Copy
@article{2020_Litvinenko,
author = {Vladimir Litvinenko},
title = {The Role of Hydrocarbons in the Global Energy Agenda: The Focus on Liquefied Natural Gas},
journal = {Resources},
year = {2020},
volume = {9},
publisher = {Multidisciplinary Digital Publishing Institute (MDPI)},
month = {may},
url = {https://doi.org/10.3390%2Fresources9050059},
number = {5},
pages = {59},
doi = {10.3390/resources9050059}
}
MLA
Cite this
MLA Copy
Litvinenko, Vladimir. “The Role of Hydrocarbons in the Global Energy Agenda: The Focus on Liquefied Natural Gas.” Resources, vol. 9, no. 5, May. 2020, p. 59. https://doi.org/10.3390%2Fresources9050059.
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