The International Energy Cooperation in the Barents Euro-Arctic Region: the Case of Oil and Gas Industry

Lead Author Anna, Zuevskaia
Institution Contact Saint Petersburg State University of Economics, Institute of Master Studies 103, Moskovskii Ave., St. Petersburg, Russia (812) 388-50-16
Theme Theme 2: Vulnerability of Arctic Societies
Session Name 2.2 Resource development and building capacity in Arctic communities
Datetime Thu, Sep 15, 2016 10:30 AM - 10:45 AM
Presentation Type Oral
Abstract text The Russian Federation has a great potential to develop international economic cooperation in Arctic as it has promising oil and gas fields, law and technologies, although they need improvement, qualified for works people. Now Russia is interested in the consolidation of efforts with possible partners for natural resources development.
The distinctive features of international cooperation in the region of the Barents Sea were studied. We concluded that the institutional structure of international energy cooperation is shaped in accordance with tasks and the delineation of authority among the institutions and the regulatory frameworks. Also the dedication to cooperation was defined as the governments of the region understand the advantage of joint resource development in the region.
International energy cooperation, as a part of international economic cooperation, is realized on 4 levels, which are global (universal international organisations), regional (regional international organisations and the associations of states), intergovernmental and the level of international non-governmental cooperation.
As consisted with the results of analysis, there is a lack of political will to work in the declared directions because the parties need to overcome the historical and modern political obstacles to their cooperation. More than that, there is a necessity to develop and follow the unified ecological standards at least in the territory of the Barents region.
The prioritized projects are the development of sea transport and oil and gas procurement infrastructure, seismic surveys in the shelf. The profit of international economic cooperation in these spheres is proved.
There is one more point to consider. Given the proven gas stock, we can suppose the shaping world gas market to become the key point of agenda for international economic cooperation in the region. The market-shaping actors should be gas exporting countries, the majority of which are arctic countries (Russia, the USA, Norway and Canada).
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