A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Liquified Natural Gas Market

Global demand for energy is rising. At the same time, consumers are increasingly using natural gas in general and liquefied natural gas in particular as a source of energy. According to forecasts, by 2035, energy consumption can exceed the level of 2016 by almost 30% — mainly due to population growth and increase in average per capita incomes.

It should be noted that over the past 25 years, the annual increase in demand for natural gas averaged 2.3%. In the current structure of energy consumption, it accounts for slightly less than 25%.

Over the past 30 years, trading volumes in the liquefied natural gas market have increased significantly, as a result small transactions, limited by the capabilities of regional sites, gave way to complex global trading operations. According to forecasts, by 2035 the share of natural gas in the world energy balance may exceed 25%, and about 13-16% of the total consumption of this type of raw materials will be accrued to the liquefied natural gas.

However, the protracted decline in prices, which began in late 2014, greatly influenced the current market situation, which affected all participants of the supply chain — from manufacturers to end users. In conditions of slow growth of demand in Asia and sharp increase in supply by new sources, the game rules are dictated by buyers today, and sellers will have to put up with it for a long time.

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