Economic conditions of the Arctic natural gas transportation system

Abstract

The paper considers Russia's position in the system of European energy policy on the natural gas market. We have analyzed the interest in natural gas exports in the context of maintaining the energy security of EU countries, stimulating in turn the interest towards the Arctic oil and gas reserves as a means of increasing supplies. We have established the role that diversification of transportation means plays in ensuring exports. We have described the capacities of the main pipelines transporting gas to the EU countries. We have substantiated why investments should be made into establishing and improving the transport infrastructure in the Arctic, specifically, developing the routes for transporting natural gas.