Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)

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Currency and its Impact on Pricing and Prospects for the Oil and Gas Industry in Asia

Authors
Damir A. Abdullaev, Araz O. Mursaliev, Alexander V. Bondarenko, Anastasia N. Ivanova
Corresponding Author
Damir A. Abdullaev
Available Online December 2019.
DOI
10.2991/icefb-19.2019.7How to use a DOI?
Keywords
Russia; China; energy; oil; gas; pricing; currency
Abstract

Nowadays Asia is undergoing large-scale transformations in the oil and gas industry. These transformations affect, in particular, the aspect of contract currency and currency risks in international energy trade. Despite the political background, there is a significant economic component in this process. The purpose of this article is to reveal it and give a general vision of the origin of hydrocarbon prices and the main pricing mechanisms in this area using the Asian market and cooperation between the Russian Federation and China as an example. The benefits of energy trading in national currencies and the main trends in the transition to settlements in national currencies in the field under study in ASEAN and in the multilateral RIC format are also evaluated.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
December 2019
ISBN
10.2991/icefb-19.2019.7
ISSN
2352-5428
DOI
10.2991/icefb-19.2019.7How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Damir A. Abdullaev
AU  - Araz O. Mursaliev
AU  - Alexander V. Bondarenko
AU  - Anastasia N. Ivanova
PY  - 2019/12
DA  - 2019/12
TI  - Currency and its Impact on Pricing and Prospects for the Oil and Gas Industry in Asia
BT  - Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)
PB  - Atlantis Press
SP  - 25
EP  - 27
SN  - 2352-5428
UR  - https://doi.org/10.2991/icefb-19.2019.7
DO  - 10.2991/icefb-19.2019.7
ID  - Abdullaev2019/12
ER  -