The green game: how digital technology is changing Russia's oil and gas business

Abstract

It is difficult to overestimate the importance of the gas production business for the Russian economy, and therefore ensuring sustainable and innovative development of this sector of the economy is not just important, but a strategic vector of national economic security of the country: in case of a negative technological gap the impact of sanctions in terms of high-tech imports and overall dependence of the Russian economy on the "political mood" of global technological leaders in Western Europe and the United States is exacerbated. In addition, it should be noted the growing tightening of international environmental standards of oil and gas production, which determines the importance of digitalization of the oil and gas sector in Russia for its compliance with the green strategies of the world. The article is devoted to the study of practices of green investment and digitalization of the oil and gas sector in Russia, as well as the problems and prospects of its digital transformation, taking into account the best domestic and international practices of doing business in Industry 4.0. Separately, the article considers scenarios for the implementation of green investments in the oil and gas business in Russia using the "4 worlds" foresight method.