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Russia’s Polar Oil And Gas Potential

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Chapter Summary

The Arctic continental shelf is believed to be the area with the highest potential for oil and gas as well as for non-traditional petroleum resources such as gas hydrates. One of the most important indicators of how secure the reserve base is and thus, future energy supply, is RRR, or Reserve Replacement Ratio. On top of technical and environmental issues there are political, economic, military and legal aspects of Arctic energy issues, as well as the Arctic policies of regional states. Their often conflicting interests will require cooperative solutions.

Keywords: Arctic continental shelf; gas; oil; Reserve Replacement Ratio (RRR); Russia



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