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Arctic: Soviet-type Gigantomania or Breakthrough Project?

Arctic: Soviet-type Gigantomania or Breakthrough Project?

The Arctic, before our very eyes, is gaining features of not even just a major project, but something approaching a national idea.

The nation is rapidly returning to Soviet-scale development of the Arctic. It is time we spoke about a real “Arctic mania.” It very logically fits into the economic policy of the government whose reliance on major industrial projects is increasingly obvious. Therefore the Arctic becomes almost central on the list of the executive’s industrial priorities. And the principle supposed to be behind it is “at all costs.”

A special role in this story is reserved for liquefied natural gas and crude oil. Otherwise the 80 million tonnes of annual freight transport along the Northern Sea Route stated as a goal in Putin’s inauguration decree simply cannot be achieved by 2024.

Special importance is attached to LNG – because its production must ensure a cumulative effect creating demand for shipbuilding, steel products, and power engineering.

The state is the key investor in the Arctic project.

Stakeholders constantly generate more and more proposals and ideas trying to profit from the Arctic fashion. There is a huge crowd of interested parties round the Arctic pie: powerful bureaucrats, companies from oil and gas, nuclear power, transport.

The internal fight for the Arctic or, more precisely, for Arctic appropriations, becomes more and more furious and curious.

In the new report you will find the following subjects:

  • A map of Arctic stakeholders

    • Who are they, the main bureaucratic and corporate players in the Russian Arctic?
    • Key interests of corporations and bureaucratic clans in the Arctic, the strategies they pursue
  • The system of government control of the Arctic

    • It has undergone serious change lately. A new government ministry in charge of the Arctic has appeared: the Far East Development Ministry has become the Far East and Arctic Development Ministry and a new Senior Deputy Minister for the Arctic has been appointed.
    • The limits of Arctic powers of other ministries and agencies have changed. We will show who is responsible for what segments of state policy on the Arctic and where key conflicts focus.
  • State programmes to develop the region

    • How the interests of competing groups are “built into” government documents
  • Oil and gas plans and the problem of transport of resources

    • What main production projects will be carried out and what their transport logistics are.
    • The fight for Arctic navigation and control of the Northern Sea Route.

Contents of the report:

Introduction 3
Key Players in Russian Arctic 6
Novatek 6
Rosneft 11
Gazprom 17
Gazprom Neft 18
Rosatom 21
Lukoil 24
Defence Ministry 25
Rostec 26
Deputy Prime Minister for the Arctic 28
Heads of Arctic Regions 29
Bureaucratic Mechanisms for Key Players to Advance Interests in Arctic 31
Novatek 31
Rosneft 39
Rostec 45
Rosatom 46
Deputy Prime Minister for the Arctic 47
Other players 50
Conflicts over control of the Northern Sea Route 52
Government Programmes to Develop the Arctic 56
A medium-term forecast of developments 63
Date of release: May 13, 2019

If you are interested to obtain please contact » Elena Kim

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Analytical series “The Fuel and Energy Complex of Russia”:

Sanctions against Russian Oil and Gas: Pressure Continued
Arctic: Soviet-type Gigantomania or Breakthrough Project?
State regulation of the oil and gas sector in 2018, prospects for 2019
Gazprom on Path to New Reality
Looking for Best Tax Treatment of Oil and Gas: Fiscal Experiments Continued
The subject of taxation became the absolute hit of 2018. The government once again decided to rewrite the rules of the game. President Putin’s new inauguration decree served as the main pretext. It turned out that about 8 trillion roubles extra was necessary for the new national projects announced. The Cabinet did not take long to decide where the funds should be taken. The result was acceleration of the so-called tax manoeuvre started as far back as 1 January 2015. It suggested shifting the tax burden to the wellhead: the effect on the state budget of gradual abandonment of the export duty will be more than compensated for by quicker growth in mineral resources extraction tax (MRET). The laws on tax reform have already gone through the parliament and will take effect as of next year. This means nothing good for companies.

All reports for: 2015 , 14 , 13 , 12 , 11 , 10 , 09 , 08 , 07

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