Russia and Global Warming - Implications for the Energy Industry

Russia and Global Warming - Implications for the Energy Industry

Author(s): Roland Götz
Editor(s): Matthias Neumann, Robert Orttung, Jeronim Perovic, Heiko Pleines, Hans-Henning Schröder
Series: Russian Analytical Digest (RAD)
Issue: 23
Pages: 11-13
Publisher(s): Center for Security Studies (CSS), ETH Zurich; Research Centre for East European Studies, University of Bremen
Publication Year: 2007

Climate change could make it more expensive to extract oil and natural gas from current and future sites in Russia. The melting of the permafrost, in particular, will impose a wide variety of costs. Many of these consequences are already being felt in Alaska. However, as long as oil and natural gas prices remain high, these projects will remain profitable.