Production and Use of LNG in the Arctic. Key Quotes

Task force Arctic Energy at the Energy Centre of the Moscow School of Management SKOLKOVO present the second volume of study series Arctic Energy dedicated to analysis of activities of major oil and gas companies in development of the Russian Arctic.

This publication was prepared by the Analytical Department of the Executive Office of the Federation Council of the Russian Federation for the online conference Problems and Prospects of the Northern Sea Route as an Element of the Single Arctic Transport System which took place from September 1 to October 31, 2018.

The collapse in the price of crude oil is putting immediate and severe financial pressure on producers that are heavily dependent on revenues from exports. None of the OPEC states balanced their budgets at below $50/barrel in 2019, with a number requiring more than twice that amount.

The Arctic and Antarctic Expert Advisory Board at the Federation Council of the Russian Federation prepares an annual report On the State and Problems of the Legal Framework for the Development Strategy of the Arctic Zone of the Russian Federation and National Security up to 2020. On the State and Problems of the Legal Framework for Russian Scientific Activities in the Antarctic.