Ecological Insurance of Arctic Oil and Gas Producing Shelf Projects in Russia
The article deals with problems of ecological insurance of arctic oil and gas producing shelf projects in Russia and possible ways of its development. The authors put forward the method of estimating financial security of operations on eliminating possible ecological damage in case of hydrocarbon sp...
| Published in: | Vestnik of the Plekhanov Russian University of Economics |
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| Main Authors: | , |
| Format: | Article in Journal/Newspaper |
| Language: | Russian |
| Published: |
Plekhanov Russian University of Economics
2023
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| Subjects: | |
| Online Access: | https://doi.org/10.21686/2413-2829-2023-1-76-88 https://doaj.org/article/22364c8d5aed4762ba6e7eec58539648 |
| Summary: | The article deals with problems of ecological insurance of arctic oil and gas producing shelf projects in Russia and possible ways of its development. The authors put forward the method of estimating financial security of operations on eliminating possible ecological damage in case of hydrocarbon spill on arctic shelf oil and gas producing fields and study oil spills on arctic shelf fields ‘Prirazlomnoye’ and ‘Pobeda’. They estimate the cost of measures aimed at elimination of such incidents and propose a special indicator, i.e. financial loss factor for oil spill. Empiric conclusions obtained by comparative analysis of legislation in the field of ecology of entrails use in Russia, Norway, the US and Canada can be used for optimization of the effective Russian legislation and introduction of obligatory ecological insurance. Data of mathematic spill modeling can be applied by insurance companies for calculating insurance premium, by Rosprirodnadzor – for charging penalties and for other supervision bodies – for underwriting oil and gas arctic projects. |
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