RISK MANAGEMENT IN THE PRODUCTION AND TRANSPORTATION OF NATURAL GAS UNDER THE CONDITIONS OF THE ECONOMIC CRISIS IN THE ENERGY MARKET.

The article considers possible specific risks in the production and transportation of natural gas from Azerbaijan to the European continent in the context of the economic crisis in the world energy market. It is stated that the effective management of strategic, as well as specific risks, should be based on a comprehensive identification and description of the risks that determine the key indicators of the gas industry. The necessity of ways to minimize political and economic risks to ensure uninterrupted and reliable export of natural gas from the AR to the countries of the continent, including alternative routes for the transportation of natural gas, taking into account the risk of the transit country, is substantiated. [ABSTRACT FROM AUTHOR]