Original article

PROBLEMS OF DEVELOPMENT OF ARCTIC HYDROCARBON RESOURCES UNDER THE CURRENT CONDITIONS

Anna Borisovna Nikolaeva

Luzin Institute for Economic Studies of the Kola Science Centre of the Russian Academy of Sciences, Apatity, nikolaeva1@iep.kolasc.net.ru, ORCID 0000-0002-6695-5534

 Abstract. The Arctic is the richest and at the same time the most difficult region to develop in the world. Exploration and exploitation of its deposits are inevitable for Russia and mankind as a whole. The Arctic region is characterized by extreme nature-climatic conditions, with a rather low level of economic development and remoteness from industrial centers, a low level or lack of any infrastructure as well as by instability of the ecological system to anthropogenic impact and a long recovery period. Since the potential of the resources currently being developed will be exhausted within several decades, and the world economies are not yet ready for a full transition to alternative energy resources, it is necessary to search for and develop new hydrocarbon reserves that determines the relevance of the study. The aim of the study is to identify the main problems arising when exploiting hydrocarbons in the Arctic region. The set of problems identified predetermines an integrated approach to their solutions. In this case, it is about reforming legislation, increasing funding, and attracting new participants in the international cooperation. Since the export of oil and gas is traditional for the Russian Federation, exploitation of hydrocarbons in the region is a prerequisite for the further economic development of the country. A state policy aimed at development and improvement of new technologies, reducing environmental risks, and deep scientific research of the Arctic, is needed. The method of expert assessment was used, which is applied for solving complex tasks with lack of information, and impossibility of mathematical formalization of the solution process. The basis for the application of this method is the possibility and ability of experts to assess the importance of the problem under study and development prospects for a certain research direction. The expert assessments were highlighted during the study and analysis of the literature.

Keywords: the Arctic region, hydrocarbon fields, problems of resource development, domestic technologies, ecological risks.

Acknowledgments: the work is a part of the Luzin Institute for Economic Studies of the Kola Science Centre of the Russian Academy of Sciences issue no. 0226-2018-0004 “Interaction of Global, National and Regional Factors in the Economic Development of the North and the Arctic Zone of the Russian Federation” within the state assignment of the Federal Research Centre “Kola Science Centre of the Russian Academy of Sciences”.

For citation: Nikolaeva A. B. Problems of development of Arctic hydrocarbon resources under the current conditions. Sever i rynok: formirovanie ekonomicheskogo poryadka [The North and the Market: Forming the Economic Order], 2021, no. 3, pp. 70-81. doi:10.37614/2220-802X.3.2021.73.005