Strategy of non-Arctic Nations about the Development of Arctic Oil and Gas Resources

摘要

This study discusses the non-Arctic nations’ strategy for thedevelopment of arctic oil and gas resources. According to the Circum-Arctic Resource Appraisal (CARA) by the U.S. Geological Survey(USGS, 2008), it was estimated that undiscovered oil and gas in theArctic Circle accounted for, respectively, 13% (90 billion barrel; Bb)and 30% (1,670 trillion cubic feet; Tcf) of the world’s total resources. Ifwe solve major challenges and problems in the Arctic, it will triggerexploration and production (E&P) development. It is expected that theArctic oil and gas resources will become an alternative to supplyingnational future energy demand.