Over recent decades, the Arctic has been the focus of attention of
many countries around the world. The region is not yet fully
explored, but is believed to have plentiful natural mineral
resources. This is particularly true for hydrocarbons, which are
estimated to account for a quarter of the world's reserves. Natural
and climatic transformations, caused by global warming and the
accelerated melting of Arctic ice, have led to the extension of the
navigation season of the Northern Sea Route. Interest in Arctic oil
and gas fields is growing due to the depletion of traditional
onshore hydrocarbon deposits, rising prices and increased
consumption. Despite the challenging conditions of hydrocarbon
production in the Arctic, rapid development is expected in this
region as main oil fields in Russia deplete. This has intensified
the negotiation process and defined the international legal regime
in the Arctic. This book explores the future of the Arctic,
including geographical changes resulting from climate change, the
region's deposit of hydrocarbon resources, the Arctic's
international legal status, the state of scientific research in the
Arctic, and more.
General
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