The Perspective of Gas-fired power plants projects in Western Asia of Iran and Pakistan

Abstract

Current geopolitical situation affects greatly on worldwide distribution of energy. These circumstances challenge Russian energy companies to be more flexible in development of foreign market expansion strategies and pro-active in establishing of cooperation mechanisms with new partners abroad. In this case gas power generation should be considered more attentively, gas-fired power plants provide the customer with end-product, while natural gas exporters create additional values to gas exports and are able to achieve synergy of core business and power supply. The article considers Russian power generation companies’ potential expansion to new power markets. Brief description of two electricity markets is provided with examples of Iran, the largest regional market and Pakistan, which suffers from power deficit and non-sustainable energy supply. Iran power sector is also remarkable with its experience of development under international sanctions, including establishment of energy machinery sector based on localization of foreign technologies. Pakistan is one of the most attractive LNG markets for Russian companies, which face the challenge to increase LNG export up to 20% of world market share.