Economic efficiency of gas industry investment projects in Russia on the example of export gas pipelines

The efficiency of domestic and export supplies natural gas largely determines the sustainable development Russian economy national security. At present, in context sanction restrictions increasing uncertainty global energy market, theoretical practical aspects economic investment projects industry are fundamental importance require further development. article discusses foundations category “economic efficiency” methodological approaches to its assessment on example industry. A comparative analysis standard methodology for determining capital investments recommendations evaluating effectiveness planned market economics has been performed based criteria specified by authors. review published studies methods assessing oil sector performed. It is concluded that assess proposed use discounted cash flow method as main approach, well alternative papers Two large-scale have considered, a with emphasis external effects due implementation under consideration. According study results, uniqueness conditions each transportation project, influence non-economic factors project need develop were noted regard risk impact.