The proven reserves of natural gas in the Russian Arctic amount to 55 trillion cubic meters – 75% of the total volume of reserves of the Russian Federation, said Nikolay Doronin, Chairman of the Board of the Arctic Development Project Office (PORA).
According to him, in addition to gas there are 7.3 billion tons of proven oil reserves in the Russian Arctic, or 23.5% of all Russian reserves.
"The reserves are estimated as colossal, since not everything has been explored yet, and of course, the reserves in the Arctic zone form the strategic reserve of the Russian Federation. There is such a stable expression that the Arctic is a storeroom. This is really the storeroom that, with technology and competent management, you can open with a key, get it without damaging the fragile Arctic nature, and live peacefully and happily for several generations," the expert explained.
According to experts, oil and gas reserves on the Russian continental shelf of the Arctic amount to 17.3 billion tons and 85.1 trillion cubic meters, respectively.
Alex Shishlo for Rough&Polished
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