The session will address the question of oil and gas developments globally and particularly in the Arctic, and that of energy security. As melting sea-ice is causing ice-cover loss, new opportunities for petroleum resources extraction is opened in the Arctic and its’ territorial waters. Consequently potential for both economic opportunities and environmental risks increase. In parallel, narratives in the global energy politics are pointing toward de-carbonisation of future energy mix which influences the exploration strategies of producers, especially when the world market price and demand of oil is low. Further, it may, for instance, change main commodity from oil to gas. Finally, the Arctic states, and Norway and Russia in particular, have prioritized Arctic resource development in their national policies and strategies, and thus, promoted heavily new exploration licenses. The session will giveg an overview on the development it will have a special focus on actors on tghe filed and their, policies, as well as platforms, where the discussion happen. It will examine trajectories of oil and gas and its implications on the Arctic development.

The papers might include, but are not limited to, the following topics:

Boom and bust of Arctic resource geopolitics, in particular oil & gas industry

Energy security

Arctic offshore oil & gas drilling

Yamal LNG in global markets

Actors/stakeholders of hydrocarbon industry

Hydrocarbons vs. alternative energy resources