The global gas and petrochemistry industry is growing at a rate consistently above world GDP. The sector is generating a stream of innovation which is transforming the outlook of the entire economy, increasing demand for the output of related industries, and creating new jobs and opportunities for processing companies. In Russia, the intensive development of petrochemistry has offered a response to the issue of import substitution and helped to launch new kinds of products on international markets. Furthermore, major industry projects have provided a platform for economic development in various regions of the country, including Eastern Siberia and the Russian Far East. At the same time, the global gas and petrochemicals sector is facing new challenges. The surplus in global capacity at a time of slowing economic growth and tougher environmental requirements is causing the markets for petrochemical products to remain volatile, with access to new markets limited by creeping protectionism. What trends will determine the development of the gas and petrochemicals sector over the next 30 years? How can Russian gas and petrochemicals companies ensure that their products remain competitive in key markets? What reserves do Russian manufacturers have for cutting costs: geographically diversifying sales, digitization, R&D, developing new advanced materials, other measures?