Production and Use of LNG in the Arctic. Key Quotes

Russian Arctics is a special site for state management. Its complexity consists not only in climatic, ecological or logistical features, which undoubtedly have an impact on development, but also a very high price of human errors. When developing a strategy for the region, it is necessary to take into account a variety of natural, not just economic, factors.

The report was prepared as a result of the event «Russian-Canadian Cooperation in the Field of Sustainable Development in the Arctic Region» as part of the ThinkArctic Project, organized by the Roscongress Foundation, the Center for Comprehensive European and International Studies, and the Analytical Center for the Government of the Russian Federation.

The article provides an overview of current trends in the global energy market with a focus on the oil industry based on recent analytical reports of international organizations, consulting firms and major market players, as well as the agenda of the St. Petersburg International Economic Forum 2019. On the basis of the analysis, conclusions are drawn about the impact of global trends on oil companies, including Russian, as well as possible response measures.

A study by SKOLKOVO Moscow School of Management presents various aspects of the coronavirus impact on the fuel and energy sector (FES) industries, and formulates some prospects for the further FES development.