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Norwegian Experience as a Promising Measure for the Russian Energy System Development

Author

Listed:
  • Elena S. Balashova

    (Peter the Great St. Petersburg Polytechnic University, Saint-Petersburg, Russia,)

  • Elizaveta A. Gromova

    (Peter the Great St. Petersburg Polytechnic University, Saint-Petersburg, Russia,)

Abstract

At the moment, Arctic is in the interest of many countries, and not only near the Arctic. A high degree of the region promising in the context of undiscovered oil and gas resources is the explanation for it. Russia possessing the most significant share of these reserves has a fairly low rate of investigation of the Arctic shelf. Arctic hydrocarbon resources occupy the important strategic place in the development of the fuel-energy complex of Russia, ensuring its energy security. Hence, the goal of this research is to identify effective model of the offshore fields development in the Arctic zone of the Russian Federation. The Norwegian model of formation of consortia for the development of the offshore fields is analyzed and it is examined in the context of the Russian Arctic. The effectiveness of the introduction of this model in Russia is proved.

Suggested Citation

  • Elena S. Balashova & Elizaveta A. Gromova, 2017. "Norwegian Experience as a Promising Measure for the Russian Energy System Development," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 31-35.
    • Handle: RePEc:eco:journ2:2017-03-04
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    References listed on IDEAS

    as
    1. Harsem, Øistein & Eide, Arne & Heen, Knut, 2011. "Factors influencing future oil and gas prospects in the Arctic," Energy Policy, Elsevier, vol. 39(12), pages 8037-8045.
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    Cited by:

    1. Olga Novikova & Iaroslav Vladimirov & Tatiana Bugaeva, 2021. "Expansion of the Fuel and Energy Balance Structure in Russia through the Development of a Closed-Loop Recycling," Sustainability, MDPI, vol. 13(9), pages 1-15, April.

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    More about this item

    Keywords

    Consortium; Energy System; Arctic Shelf; Arctic Zone of the Russian Federation;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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