Strategic opportunities of LNG production development in the Far East

Abstract

The search and justification of new long-term impulses for the socio-economic development of the Far East is complex nature. The author assumes that the implementation of a breakthrough in the socioeconomic development of the Far East is possible through the implementation of large-scale strategic opportunities of the Far Eastern gas industry. Liquefied natural gas is one of the promising areas of the gas industry in the world, in this regard, the purpose of this study is to justify the strategic directions for the development of liquefied natural gas production in the Far East through the search and analysis of relevant strategic opportunities. To detect and further analyze strategic opportunities in the context of the justification of directions, the author uses the methodology of industrial strategizing, which is based on the general theory of strategy. The monitoring revealed a number of strategic opportunities that made it possible to justify the prospects of two directions for the development of LNG production in the Far East: large-scale and low-scale production of liquefied natural gas. The assessment of strategic threats potentially obstructing the development of these areas has shown that both areas are sustainable in the long term. The implementation of these large strategic opportunities in two well-founded areas of LNG production development will allow for a breakthrough in the socio-economic development of the Far East, which is due to the high concentration of various interest groups associated with the implementation of large-scale projects of the gas industry in the region.

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