Prospects for the Development of the Russian Oil and Gas Sector in the Context of Political and Economic Restrictive Measures in 2022-2023

  This article is devoted to the study of the peculiarities of Russian energy security under conditions of political and economic restrictive measures and ways to strengthen it in the context of international energy security. Due to the events of 2020-2023 many elements of international energy security have lost their relevance, the Russian energy industry faced several challenges in technological, tax, pricing and geopolitical aspects. The novelty of the work lies in a comprehensive analysis of the current situation (2020-2023) and the geopolitical conjuncture, the consideration of options for the development of the oil and gas industry in Russia, as well as assessing the impact of import substitution on the profitability of the oil and gas industry in Russia. During the research there were set the following objectives: to consider the optimal variant of redistribution of export of energy resources from Russia, to assess the prospects of import substitution in the energy sector and the development of exploration in Russia, to analyze possible measures to maintain acceptable oil and gas revenues in the budget, to present proposals for a possible scenario of formation of the domestic market of energy resources in Russia. The research involved the following methodological apparatus: in addition to general scientific methods (comparison, analysis, synthesis), the work used the hypothetic-deductive method, economic-mathematical method, factor method, which allow to analyze the current state of the Russian oil and gas industry and assess its prospects in the context of ensuring national energy security.

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