INVESTMENT PROJECTS OF OIL AND GAS COMPANIES IN CONDITIONS OF DECARBONIZATION: ASSESSMENT AND TOOLS FOR INCREASING ECONOMIC EFFICIENCY

Industrial oil and gas companies make an average contribution to the development of the national economy. At the end of 2022, the share of oil and gas revenues in the budget increased to 42 %. Of the 2 billion greenhouse gases emitted by the Russian Federation, the fuel and energy complex accounts for 53 %. The implementation of carbon regulation and the high carbon intensity of industrial oil and gas companies lead to the need to implement projects aimed at reducing the carbon footprint. If companies ignore the carbon agenda, they may face the risk of reducing the competitiveness of their products due to the introduction of various payments and tougher consumer requirements. Due to the fact that such projects are often unprofitable, successful decarbonization of industrial companies is only possible if effective technological solutions are developed and tools are used to increase economic efficiency. The relevance of the selected topic is due to the need to improve the methodological approaches to assess the efficiency of investment projects, taking into account the decarbonization effect. The object of the study is investment projects of oil and gas companies, the subject is the assessment and tools for increasing economic efficiency in the conditions of decarbonization. The purpose of the study is to complement methodological approaches to assessing the efficiency of investment projects of oil and gas companies in the context of decarbonization, as well as to classify tools for increasing economic efficiency. The study used general scientific methods: systematization method, analytical method, synthesis method. The direction of the research was determined by the influence of works devoted to assessing the efficiency of investment projects and tools for increasing efficiency as well as discussions at scientific conferences and interviews with representatives of industrial enterprises.

carbon price, investment projects, oil and gas companies, efficiency assessment, decarbonization, industry, carbon footprint, principles of efficiency assessment, hydrocarbons, efficiency improvement tool, tax incentives, preferences, CCUS

Popova E. A. Investment projects of oil and gas companies in conditions of decarbonization: assessment and tools for increasing economic efficiency. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2023;4(65):134—140. DOI: 10.25683/VOLBI.2023.65.854.