Analysis of the Role of Insurance in Reducing Investment Risks and Development of the Liquefied Natural Gas Industry in Iran
نویسندگان
1 Ph.D. Student, Department of Law and Political Science, Faculty of Law, Allameh Tabataba'i University, Tehran, Iran
2 Assistant Professor, Department of Management, Sohrevardi Institute of Higher Education, Qazvin, Iran
3 Associate Professor, Department of Law and Political Science, Faculty of Law, Allameh Tabataba'i University, Tehran, Iran
doi
20.1001.1/jgt.2025.2059173.1056چکیده
The liquefied natural gas (LNG) industry, as one of the key sectors in global energy supply, plays a significant role in economic development and energy security. However, investment in this industry faces numerous risks, including global price fluctuations, technical challenges, environmental issues, and political uncertainties. Insurance, as an effective risk management tool, can play a crucial role in mitigating these risks and facilitating investment in the LNG industry. This research analyzes the role of insurance in reducing investment risks and developing Iran's liquefied natural gas industry. Using analytical methods and case studies, the impact of various insurances, such as liability insurance, property insurance, and credit insurance, on reducing investment risks in this industry is examined. The results of this study indicate that insurance can enhance the attractiveness of investments in the LNG industry by covering financial and operational risks, thereby contributing to the sustainable development of this industry in Iran. Additionally, recommendations are provided to improve insurance frameworks and government support policies to faster further growth of this industry in the future. The most important recommendations in normal conditions (No war, Sanction and other limitations) include: 1) Strengthening insurance frameworks to cover specific risks of the LNG industry, 2) Encouraging the participation of international insurance companies through consortiums, 3) Establishing investment guarantee funds, 4) Formulating supportive government policies, 5) Enhancing regional and international cooperation, 6) Developing secondary markets for risk transfer, 7) Educating and empowering stakeholders, 8) Establishing transparent and sustainable laws and regulations, 9) Developing insurance infrastructure, and 10) Continuous evaluation and updating of policies.