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Modernisation of the Russian Energy Sector: Constraints on Utilising Arctic Offshore Oil Resources

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  • Pami Aalto

Abstract

This essay examines the modernisation of the Russian energy sector as revealed in the case of Arctic offshore oil. The Russian actors involved have various interests but their simultaneous realisation is impeded by the structural constraints within the policy environment of Arctic offshore oil projects. Russia’s foreign policy choices vis-à-vis Ukraine, leading to sanctions targeting Arctic oil projects, and global oil market developments amplify the constraints on the resource geographical, financial, institutional and ecological dimensions of the policy environment or structure. This delays Arctic offshore oil projects, and hampers the oil industry’s modernisation and its capacity to generate income for Russia’s overall modernisation.

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  • Pami Aalto, 2016. "Modernisation of the Russian Energy Sector: Constraints on Utilising Arctic Offshore Oil Resources," Europe-Asia Studies, Taylor & Francis Journals, vol. 68(1), pages 38-63, January.
    • Handle: RePEc:taf:ceasxx:v:68:y:2016:i:1:p:38-63
    DOI: 10.1080/09668136.2015.1113509
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    Cited by:

    1. Rigot-Müller, Patrick & Cheaitou, Ali & Etienne, Laurent & Faury, Olivier & Fedi, Laurent, 2022. "The role of polarseaworthiness in shipping planning for infrastructure projects in the Arctic: The case of Yamal LNG plant," Transportation Research Part A: Policy and Practice, Elsevier, vol. 155(C), pages 330-353.
    2. Shapovalova, Daria & Galimullin, Eduard & Grushevenko, Ekaterina, 2020. "Russian Arctic offshore petroleum governance: The effects of western sanctions and outlook for northern development," Energy Policy, Elsevier, vol. 146(C).
    3. Alexander N. Alekseev & Aleksei V. Bogoviz & Ludmila P. Goncharenko & Sergey A. Sybachin, 2019. "A Critical Review of Russia s Energy Strategy in the Period until 2035," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 95-102.
    4. Keypour Javad, 2019. "The Outcome of Directive 2009/73/EC Amendment on EU’s Natural Gas Security," TalTech Journal of European Studies, Sciendo, vol. 9(1), pages 77-98, June.

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