What Will COVID-19 Mean for LNG?

In this publication InfraOne Research examines infrastructure projects from the National Infrastructure Projects Pipeline in the context of the current geopolitical and economic instability, the restrictions and the sanctions, and the repercussions of the pandemic.

The current perspectives for the formation of international energy markets are mainly due to the policy of decarbonization of world energy and the growth of energy consumption. Each country forms its energy policy based on its own fuel and energy potential and the situation on international energy markets. The global oil market is currently largely dependent on global processes with a high degree of ‘uncertainty" associated with the use of protectionist and political methods of struggle in the global world economy. «Trade wars», and sanctions increase the uncertainty of the market for the «global» energy resource — oil. The global market for «alternative» energy and technology in this area is much more defined and predictable. The introduction of «platform» economy methods in the energy sector, in combination with the macroregional form of organization of energy markets, will reduce uncertainty factors by avoiding protectionist methods, including sanctions methods, leaving them behind the «perimeter» of macroregional borders.

The Report Russia and the World: 2018 continues the series of yearly publications by the RAS Primakov National Research Institute of World Economy and International Relations (IMEMO) and the Foundation for Prospective Studies and Initiatives. The annual Report consists of two parts dedicated to the economy (part I) and the foreign policy (part II).

In this article, UNIDO’s Department of Policy Research and Statistics explores the impact of the coronavirus pandemic on global value chains.