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

Global North and Global South in big energy: Russian interests

UDC: 338.45
DOI: -

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russia

Keywords: energy markets, natural disasters, downside risks, long-term contracts, spot markets, energy transition, ensuring energy system flexibility, improving living standards and urbanization, international oil and gas companies

Annotation:

In the context of large-scale geopolitical and economic shocks that the world is experiencing today, there occurs a large-scale reconfiguration of economic ties, trade flows and, in general, established economic relations between individual countries and regions. Russia finds itself at the epicenter of ongoing changes, and the new balance of power in the energy markets fully reflects the emerging trends. In these conditions, Russia’s relationship with the so-called "Global South", which includes a number of developing countries that play an increasingly significant role on the world stage, is becoming increasingly important for it. The main challenge in this context is the formation of a thoughtful, well-systematized model of relations with each interested country in the Global South, the gradual building and structuring of these relations in the interests of both parties.

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