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 the development 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 the Arctic Circle accounted for, respectively, 13% (90 billion barrel; Bb) and 30% (1,670 trillion cubic feet; Tcf) of the world’s total resources. If we solve major challenges and problems in the Arctic, it will trigger exploration and production (E&P) development. It is expected that the Arctic oil and gas resources will become an alternative to supplying national future energy demand.