Chapter 6 Norwegian–Russian political relations and Barents
Chapter 6 Norwegian–Russian political relations and Barents oil and gas developments
Rate this book:
About This Book
The political relationship between Norway and Russia will influence the development of Barents Sea oil and gas. The state plays a decisive role in both the
Norwegian and Russian parts of the sea. It does so as a regulator, through taxation,
and through the national oil and gas companies, Gazprom, Rosneft, and
Statoil. Thus, if the two states have a good relationship characterized by mutual
trust, they can coordinate, search for complementarities, and mitigate issues
that arise. Furthermore, due to the rising cost of oil and gas production in the
Arctic, many oil and gas fields there may deliver small returns on investments.
Scale economies brought about by coordinated development, joint infrastructure,
and information sharing can tip projects from being commercially unviable
to viable. But this depends on the ability and willingness of the two states
to actively work together.
Norwegian and Russian parts of the sea. It does so as a regulator, through taxation,
and through the national oil and gas companies, Gazprom, Rosneft, and
Statoil. Thus, if the two states have a good relationship characterized by mutual
trust, they can coordinate, search for complementarities, and mitigate issues
that arise. Furthermore, due to the rising cost of oil and gas production in the
Arctic, many oil and gas fields there may deliver small returns on investments.
Scale economies brought about by coordinated development, joint infrastructure,
and information sharing can tip projects from being commercially unviable
to viable. But this depends on the ability and willingness of the two states
to actively work together.
Buy This Book
As an Amazon Associate and Bookshop.org affiliate, BookOrb earns from qualifying purchases.
Write a Review
Sign in to write a review.