Methodological Approach to Assessing the Impact of Energy Efficiency on the Financial Performance of a Gas Company

Currently, the use of energy-saving technologies that reduce costs and improve the production process is the most important factor in the development of the gas industry. The relevance of the research topic is due to the fact that in order to resolve issues related to reducing energy costs in the gas sector of the Russian economy, optimal use of non-renewable energy resources, and reducing technological losses, an integrated approach to assessing energy efficiency is required, as well as a methodology for assessing the impact of energy efficiency indicators on the financial performance of a company. The purpose of this article is to develop a methodological approach to assessing the impact of the level of energy efficiency on the financial performance of a gas company. The research methodology is based on correlation and regression analysis tools. As part of the study, a system of energy efficiency indicators for a gas company's activities has been formed and, using correlation and regression analysis tools, a methodology for assessing the impact of the level of energy efficiency on the financial performance of a gas company is proposed. An algorithm for correlation and regression analysis is presented, which makes it possible to formalize a step-by-step assessment of the impact of the level of energy efficiency on the financial performance of a gas company. The proposed methodological approach allows us to identify correlation-regression dependencies between the company’s key performance indicators (sales revenue and net profit) and the proposed energy efficiency indicators, determine the most significant indicators that affect the company’s performance indicators and determine the equation for the relationship between the company’s performance and energy efficiency indicators. Testing of the proposed approach using the example of the gas company PJSC Gazprom made it possible to quantify how changes in the energy intensity of gas production and the energy intensity of gas transportation will affect changes in sales revenue and net profit of the company. It has been established that the energy efficiency indicator such as the specific energy intensity of gas transportation has the greatest impact on the financial performance of the company. Regression equations have been established to describe the nature of the relationship between energy efficiency indicators and sales revenue and net profit of a gas company.