... expeditions that could significantly advance Arctic science. Projects like electrifying drilling rigs and other energy infrastructure initiatives present further opportunities for Turkish involvement. Turkish firms can contribute to efficiently exploiting Arctic resources by leveraging their energy technology expertise. The potential for future collaboration in these areas underscores the long-term prospects of the Russia-Turkey Arctic cooperation.
Notably, Turkish construction companies have assumed a pivotal role in key Russian Arctic infrastructure ...
... TAAS-Yuryakh Neftegazodobycha fields. They receive dividends on profits made by the operating consortium from selling oil and gas produced from the fields. The second example is the lack of investment by Indian petroleum companies in Arctic projects such as Arctic LNG 2 and Rosneft. From a long-term energy security perspective, investment appears to be logical and rational. However, this also creates a geopolitical risk due to US sanctions on the Arctic LNG 2 project and other mining related sanctions. Furthermore, there may also be other legitimate ...
... United States by holding back the development of American industries. In his national security
strategy
published in December 2017, Donald Trump announced his intention to conduct a policy of “energy dominance” (in contrast to Barack Obama’s energy safety policy). An integral part of the policy is to produce oil and gas in those parts of Alaska where production had been virtually prohibited before, that is, in the National Petroleum Reserve and the Arctic National Wildlife Refuge, on the Alaska shelf and in the basins of the Chukotka and Beaufort seas.
Donald Trump has also repeatedly
voiced
his criticisms and claims he was “not satisfied with the outcomes of international bodies it engages with” ...
... credibility. Moreover, as 70% of the NSR traffic carries hydrocarbons with vessels of 50K DWT and above (i.e. Panamax Size), it makes this route reliant on shipping large hulls of natural resources in fewer vessels; hence the route rests greatly on the energy markets of both the Arctic and wider world, which are naturally volatile. In addition, historic successes of USSR leave a bitter after taste. As Vladimir Mikhailichenko of a Non-Profit Partnership points out, the recent jump is a mere hop in contrast to the volumes achieved ...
... and favourable anticipated lion’s share of natural reserves. In the official document the 'Russian national security strategy to 2020' the Arctic receives a lot of attention as a major source of revenue for the state, mainly from energy production and maritime transport. A main goal is to transform the Arctic into Russia’s top strategic base for natural resources by 2020, and preserve the country’s role as a leading Arctic power. Interestingly, this strategy in contrast to some rhetoric in the past and earlier documents avoids 'hard-power' ...
... Russian consulate general in Hong Kong Friday to protest the detention of its activists by Russia's authorities. Photo: AP RD: What is more reasonable today - to focus on environmental challenges and to work on environmental projects or to invest into energy projects in the Arctic? A.Z.: Everything here is important because everything is very much interlinked. The Arctic ecosystems have been very much under shock over the past decades because of the climate change which affects both ecosystems and biological diversity. At ...
