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Behind the recent acceleration of the Arctic oil and gas development in Russia: Potential, ongoing projects and challenges

Part of: International Law for Sustainability in Arctic Resource Development

Published online by Cambridge University Press:  13 April 2020

Daisuke Harada Open the ORCID record for Daisuke Harada [Opens in a new window]
Daisuke Harada*
Affiliation:
Russia Project Group/Research and Analysis Department, Japan Oil, Gas and Metals National Corporation, Tokyo105-0001, Japan
*
Author for correspondence: Daisuke Harada, Email: harada-daisuke@jogmec.go.jp
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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.

Keywords

ArcticRussiaOil and Gas
Type
Commentary
Information
Polar Record , Volume 56 , 2020 , e9
Copyright
© The Author(s) 2020. Published by Cambridge University Press

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References

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