Strategic approach to implementation of innovation in the Arctics on the example of “Arctic Cascade” natural gas liquefaction technology

Abstract

The article examines the current situation in the world production and consumption of the liquefied natural gas (LNG). The main global trends as well as the reasons for significant growth in LNG consumption in most countries are analyzed. The authors also study the structure of global import of LNG and the opportunities for increasing supplies by the Russian energy companies. Russian companies are primarily supplying LNG to European countries. However, the results of the analysis show high export potential of the Asian market. Realizing the potential is the most important strategic task for domestic energy companies. The article also examines the history and the current process of developing LNG production on the Russian territory. The authors reveal various aspects of the current implementation of such projects as “Yamal LNG” and “Arctic LNG 2” within the Arctic area of the Russian Federation. Particularly, the authors describe development of transportation-logistics system as part of these projects. Moreover, the article contains the analysis of the problem of ensuring technological independence in the process of implementation of LNG projects. Russian energy companies should increase their technological independence and localization of production by consistent implementation of the import substitution strategy. One of the solutions in ensuring technological independence is innovation technology of natural gas liquefaction “Arctic Cascade”. The article presents the detailed technical and economical aspect of implementing this technology. Using this technology ensures 30 % reduction of the LNG production cost price. Besides, this innovation technology can ensure 100 % localization of production.