Gas Chemistry As an Industry of the 21st Century Paper Discussion
The author from portuguese translated the Brazilian Law № 11.909 of 4 March 2009 г. «On legal regulation of the activity of transportation of natural gas, regulated by the article 177 of federal Brazilian Constitution and on activity of using, processing, storage, liquefication, regasification and marketing of natural gas; amendmends to the law № 9.478 of 6 August 1997 etc.»
The article analyzes the current natural gas pricing system in Russia and suggests directions for its transformation, taking into account the situation in the economy and the energy sector. The methodology is based on the methods of system analysis using economic and mathematical optimization modeling of the energy sector and the economy. The authors show that the current gas pricing system in the country limits the development of competition, does not allow to increase the efficiency of economic sectors and to modernize the energy sector. Mechanisms of gas exchange trading, which were created in the country, do not reflect the state of the market. Under these conditions, it is necessary to implement a set of measures that will allow creating a transparent pricing system based on market principles and reflecting the real situation in the consuming sectors. The gas industry can become a tool to stimulate economic development. The increase in gas prices would allow to create conditions for modernization, leading to GDP growth due to the expansion of orders for the Russian industry from the energy and consuming sectors. At the same time, increased efficiency helps to contain the growth of consumer spending, while increased tax revenues from the gas industry would make it possible to avoid the growth of other taxes on consumers, which could be inevitable due to the expected decline in revenues from the oil industry. In parallel, objective conditions would be created for the development of inter-fuel competition, and the gas industry itself will become a more at-tractive segment for investment.
The present article is devoted to a legal regulation of investments in gas industry of Russia. The author points attention of the scientist on it its perspectives in view of BRICS, on the possibilities that this form of cooperation can provide. The object of the article is the characterization of the actual legal regulation and of the investment climate in general. In the conclusion the author proposes the new approach for cooperation in the domain of the gas production in Russia.
The present paper is devoted to a study of the legal regulation of the relations in the gas industry of China and Brazil. In the first instance the author represents the overall survey of the state of the gas industry in these countries and perspectives of its development. The research is accented on the legal sources of regulation in that domain and the role of the international law. In the article the detailed analysis is made on legal regulation of activities of exploration, production of natural gas, on its transportation, distribution, commercialization, import-export activity in Brazil and in China. In conclusion the author resumes the results of the comparative legal analysis, estimating the models of regulation, pointing out their weaknesses and possible treatment for its correction.
The article examines the changes in the U.S. upstream gas industry from the perspective of asset specificity and characteristics of human capital. The authors show that nowadays the development of shale gas production, as well as the expansion of production and sales of liquefied natural gas are associated with changes in the asset characteristics (both tangible and intangible). The latter is increasingly acquiring the features of universality. Among the characteristics of such changes is the reduction in contract duration, and changing directions of natural gas supply (including outside the United States). Furthermore, the ratio of costs changes dramatically: while for the traditional fields capital costs, associated with well construction, dominate over operational costs, associated with well exploitation and maintenance, shale fields are characterised by an invert correlation. In addition, the essential role is now played not by field/well characteristics, but by the level of competencies and the technological development. Hence, the share of employees in the service sector keeps increasing. The authors substantiate that the “shale” assets are generally less specific than the “traditional” ones. The transformation of specificity, along with the increase in the number of transactions, lead to the proliferation of the number of service companies and local operators at all the stages. These companies tend to minimise costs and maximise efficiency, consequently (alongside with several other reasons, mentioned in the article) leading to lower gas prices in the U.S.A. and creating an opportunity for gas export.
A scenario-based prognosis of the evolution of global power generation markets until 2040, which was developed using the Scaner model-and-information complex, was given. The perspective development of fuel markets, vital for the power generation industry, was considered, and an attempt to predict the demand, production, and prices of oil, gas, coal, and noncarbon resources across various regions of the world was made. The anticipated decline in the growth of the global demand for fossil fuels and their sufficiency with relatively low extraction expenses will maintain the fuel prices (the data hereinafter are given as per 2014 prices) lower than their peak values in 2012. The outrunning growth of demand for electric power is shown in comparison with other power resources by regions and large countries in the world. The conditions of interfuel competition in the electric power industry considering the changes in anticipated fuel prices and cost indicators for various power generation technologies were studied. For this purpose, the ratios of discounted costs of electric power production by new gas and coal TPPs and wind and solar power plants were estimated. It was proven that accounting the system effects (operation modes, necessary duplicating and reserving the power of electric power plants using renewable energy sources) notably reduces the competitiveness of the renewable power industry and is not always compensated by the expected lowering of its capital intensity and growth of fuel for TPPs. However, even with a moderate (in relation to other prognoses) growth of the role of power plants using renewable energy sources, they will triple electric power production. In this context, thermal power plants will preserve their leadership covering up to 60% of the global electric power production, approximately half using gas. Keywords: electric power, gas, coal, renewable power sources, power consumption, fuel extraction, fuel markets, interfuel competition, social efficiency, cost of electric power production
We address the external effects on public sector efficiency measures acquired using Data Envelopment Analysis. We use the health care system in Russian regions in 2011 to evaluate modern approaches to accounting for external effects. We propose a promising method of correcting DEA efficiency measures. Despite the multiple advantages DEA offers, the usage of this approach carries with it a number of methodological difficulties. Accounting for multiple factors of efficiency calls for more complex methods, among which the most promising are DMU clustering and calculating local production possibility frontiers. Using regression models for estimate correction requires further study due to possible systematic errors during estimation. A mixture of data correction and DMU clustering together with multi-stage DEA seems most promising at the moment. Analyzing several stages of transforming society’s resources into social welfare will allow for picking out the weak points in a state agency’s work.