Economic analysis of the criteria for the oil and gas business sustainability and prospects for the internal standards formation
UDC: 336.647.648
DOI: -
Authors:
OZDOEVA A.KH.
1
1 National University of Oil and Gas "Gubkin University", Moscow, Russia
Keywords: economic assessment, sustainability criteria, social efficiency, budgetary efficiency, development scenarios, qualitative-quantitative analysis
Annotation:
Some specific features of modern economic development are caused not only by global changes. The world order and requirements of the main players in the energy market require changes at all levels. It is not the principle of adaptation that is becoming relevant in the current conditions, but the principle of opportunity. At present, unusually high pressure is being exerted on oil and gas companies, primarily to prevent future pollution of the air, land and water from spills, leaks, waste and emissions as well as to reduce accidents and fires at oil and gas facilities. It is worth noting that industry representatives are aware of the necessity of sustainable development and are taking all required measures for strategies implementation. However, these important achievements in the field of sustainable development of oil and gas companies are often overlooked when considering their enormous negative impact. At the same time, the companies operating in the industry are diversified as energy suppliers, including as retailers of energy-related products. This relatively new role allows increasing investments in alternative low-carbon fuels, namely renewable energy sources, hydrogen, “green” hydrogen as well as natural gas, which causes less damage to the environment.
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