No race for the Arctic? Examination of interconnections between legal regimes for offshore petroleum licensing and level of industry activity

Shapovalova, Daria; Stephen, Kathrin

doi:10.1016/j.enpol.2019.01.045

Cited by 9 publications

(2 citation statements)

References 15 publications

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“…Konoplyanik et al argue that a number of other factors contribute to the downshift in exploration and production activities, including low oil prices, high environmental risks, and lack of reliable technologies [12]. Indeed, the rollback of ambitious Arctic resource exploration plans is not unique to Russia but is also present in Canada, the US, and Greenland [51]. The next section considers the potential effects of sanctions on the Russian Arctic resource development policies.…”

Section: Individual Sanctions and Financial Restrictionsmentioning

confidence: 99%

“…While the decision was based on the lack of market stability, it has since been made clear that lifting the moratorium will be considered upon the request of the relevant companies [86]. At the same time, Gazprom and Rosneft' already hold collectively almost 50 licenses in the Russian Arctic waters, so the moratorium is not an indication of slowing down resource development ambitions [51].…”

Section: Ambition Vs Realitymentioning

confidence: 99%

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Russian Arctic offshore petroleum governance: The effects of western sanctions and outlook for northern development

2020

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The Arctic has historically been a strategically important region for Russia, from before the Cold War to the recent efforts in increasing shipping along the Northern Sea Route. Russia holds the largest share of petroleum resources in the Arctic, the governance model for which has been changing over the past few decades based on the current political priorities, external events, and geophysical changes in the region. Following the conflict in Ukraine, the European Union and the United States adopted sanctions limiting the cooperation between Russian and western companies for Arctic offshore petroleum development. This paper analyses transformation in national governance of natural resources in the Russian Arctic, focusing on offshore oil and gas. It provides historical background of the governance model to facilitate the analysis of the effects of western sanctions on the current resource development and its regulation. Through the analysis of legal and policy documents, this paper provides an outlook for future developments in the Russian Arctic offshore resource governance.

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Section: Individual Sanctions and Financial Restrictionsmentioning

confidence: 99%

Section: Ambition Vs Realitymentioning

confidence: 99%