«Problems of economics and management of oil and gas complex»

Development of approaches to the economic evaluation of decarbonization projects in the oil and gas complex

UDC: 338.001.36
DOI: 10.33285/1999-6942-2023-8(224)-28-36

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russia
² G.P. Luzin Institute of Economic Problems of Kola Scientific Center of the Russian Academy of Sciences, Apatity, Russia

Keywords: oil and gas industry decarbonization, economic efficiency, climate projects, assessment of emission reduction projects, comparative analysis of decarbonization projects, greenhouse gases, carbon trading, carbon neutrality

Annotation:

The article discusses the issues of economic assessment of decarbonization directions in the oil and gas industry, highlights the factors influencing the decision-making process by oil and gas companies on the implementation of decarbonization projects as well as the conditions under which the implementation of an emission reduction project will be most appropriate. The approaches to the investment evaluation of field development projects and related technological activities with approaches to the evaluation of climate projects are compared in the article. New obligations of the energy sector of the economy to achieve emission reduction targets were taken into account as well as the technological specifics of emission reduction projects, which are an instrument for oil and gas companies to achieve carbon neutrality goals, were taken into account. The author of the article proposes an approach to taking into account the specifics of the implementation of decarbonization projects by oil and gas companies, which provides for an assessment of the conditions of expediency and influencing factors, and also includes existing and prospective stimulating financial and economic instruments. The practical applicability of the proposed approach is demonstrated by a relevant example of the implementation of decarbonization projects in comparison with the absence of such projects.

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