Arctic Oil and Gas Resource Development: Current Situation and Prospects

Policy brief #8/2016 The decline in global oil prices that began in the summer of 2014 carries with it a number of risks in assembling a whole range of major oil and gas projects, including shale gas extraction projects, deep-water offshore projects and projects in the Arctic shelf. In these ... ... implementing joint projects. Transferring international tensions into the Arctic against the background of sanctions may prompt Russia to consider involving non-regional actors, primarily Asian states, in the Arctic cooperation. Under such circumstances,...