Decisions on investments into Arctic hydrocarbons were made in the period of high oil prices. According to recent views, LNG projects in the Arctic will not pay back if oil costs less than $60 per barrel. Despite pessimistic forecasts, Russian Government supports implementation of Arctic projects with a focus put on infrastructure development and measures undertaken for acceleration of return on investments.
2016 March 14
Transport impetus for the Arctic
Decisions on investments into Arctic hydrocarbons were made in the period of high oil prices. According to recent views, LNG projects in the Arctic will not pay back if oil costs less than $60 per barrel. Despite pessimistic forecasts, Russian Government supports implementation of Arctic projects with a focus put on infrastructure development and measures undertaken for acceleration of return on investments.