News & Views on the Russian presence within the Arctic Circle
11 March 2010
From local sources in Murmansk it is always possible to discern larger scale developments between nations and companies. Thus a delegation from France’s total have been meeting with the Mayor of Murmansk to discuss the implementation of the Shtokman project – Total has a 25% stake in the development company. Meanwhile the Norwegians – with their 24% stake - have... Read More...
28 January 2010
In what could only really be described as an amazing bit of news хибины.ru is reporting that Gazprom could be forced to abandon its ambitious plans for the development of the Shtokman field in the Barents Sea. There have been indications before that confidence in the project was shaky and, if these predictions are true, then this would be a massive blow to Russia’s Arctic... Read More...
13 October 2009
Независимая raises, alongside a photograph of Putin, the interesting point that doubts about the effectivity of law in Russia might hamper investment in Russia’s gas projects. The article notes that Gazprom points to a reduction in demand to explain falling investment but there are other issues such as ‘Между тем основные опасения иностранных... Read More...
8 October 2009
The article from санкт-петербург ведмости that I referenced re: gazprom makes reference to the fact that Russia’s domestic gas market is in decline, there is not enough demand, and that access to foreign markets is needed to make investment in the Arctic programmes worthwhile. Единая-россия (which is always translated as United Russia but the adjective... Read More...
2 October 2009
The Shtokman project is the next big phase in Russia’s development of the Arctic. The plan is to develop the gas fields in the central area of the Russian part of the Barents Sea. The project aims for LNG transportation by 2014. Presently, there is an operating company – ’Shtokman Development’ – which consists of 51% of Gazprom, 25% French Total, 24%... Read More...
30 September 2009
K2 capital reported that a Norwegian oil and gas company are going to be key players in the development of new Russian fields in the Arctic. Is it the case, therefore, that Norway are supporting what Medvedev called ‘the new energy order’. This Russian commentator certainly thought so – ‘На нашей стороне может выступить Норвегия,... Read More...
19 September 2009
This article contains some information about one element of Arctic energy superpower, ’just’ Liquid Natural Gas extraction and shipping. This is estimated, here, to be the bulk of Russia’s hydrocarbon reserves. A whole fleet of LNG transporters are planned. Of course, there are problems moving LNG in an area where there are more icebergs owing to melting... Read More...
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