Development of the Arctic and its Impact on International Energy Market

Akimova, Irina (Academy of the technological studies of the Russian Federation)


Arctic is widely considering as the last world biggest storehouse of natural resources. But its unique nature should always remain the main concern for all the energy projects development in this area. To achieve this development of the Arctic should go along with innovative technologies development. The ambition of this paper is to provide assessment of main Arctic projects on international energy markets development.