Offshore hydrocarbon resources in the Arctic: from cooperation to confrontation in an era of geopolitical and economic turbulence?
Journal: Social Science Open Access Repository (GESIS – Leibniz Institute for the Social Sciences)
Year: 2016

The Arctic region has been an area of low tension since the end of the Cold War. This observation is important because the run on hydrocarbons in the Arctic has not resulted in increased rivalries as expected. The outcomes have been international joint ventures in oil and gas project on the economic side and a strengthening of Arctic governance in the political realm. Since 2014, the situation has changed rapidly. Economic interests in hydrocarbon development are increasingly diverging between t