Behind the recent acceleration of the Arctic oil and gas development in Russia: Potential, ongoing projects and challenges
Abstract The Arctic is the last potential source of hydrocarbon left on Earth which makes it a quite attractive area for oil and gas company expansion and development. However, this development cannot proceed without the support from the Russian government. There are non-negligible risks which canno...
| Published in: | Polar Record |
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| Main Author: | |
| Format: | Article in Journal/Newspaper |
| Language: | English |
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Cambridge University Press (CUP)
2020
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| Subjects: | |
| Online Access: | http://dx.doi.org/10.1017/s0032247420000091 https://www.cambridge.org/core/services/aop-cambridge-core/content/view/S0032247420000091 |
| Summary: | Abstract The Arctic is the last potential source of hydrocarbon left on Earth which makes it a quite attractive area for oil and gas company expansion and development. However, this development cannot proceed without the support from the Russian government. There are non-negligible risks which cannot be evaluated by pure economics as well as various challenges that must be overcome. This commentary will explore those risks and challenges and evaluate the recent acceleration of Arctic oil and gas development in Russia. It will also set the stage where the discussion on the sustainability of Russian Arctic resource development should be focused. |
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