Abstract
This chapter provides a synopsis of the economic dimensions of the Barents Sea Region. It discusses the economic value of different resources, including fisheries and aquaculture, oil and gas development, mining, and tourism, as well as the economic potential of other resources like wave energy and genetic resources in both the Norwegian and Russian components of the Barents Sea Region. The main features of the economies of the Barents Sea Region include: orientation to the development of natural resources (organic and inorganic) and biological resources (fish and sea animals) together with economic activities molded by the traditional way of life of indigenous peoples of the Arctic region and largely aimed at meeting their needs.
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Notes
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ibid.
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The Gohta field is estimated to contain between 10 and 21 million standard cubic meters of recoverable oil and between 5 and 8 billion standard cubic meters of recoverable gas.
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Data source: World Travel and Tourism Council, 2015.
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The Arctic port of Sabetta and the Yamal LNG plant are priority projects for creating an LNG production center in Russia with a capacity of 16.5 million tons per year, based on the Yuzhno-Tambeyskoye gas field on the Yamal Peninsula. Leading enterprises of the Murmansk Oblast actively participate in the project, taking advantage of the port infrastructure (http://www.portmurmansk.ru/ru/press/news/?section=full&id=3102).
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http://www/vedomosti/ru/politics/news/2015/06/26 [Rus. Ed.].
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Kryukov, V., Poudel, D. (2020). Economies of the Barents Sea Region. In: Young, O., Berkman, P., Vylegzhanin, A. (eds) Governing Arctic Seas: Regional Lessons from the Bering Strait and Barents Sea. Informed Decisionmaking for Sustainability. Springer, Cham. https://doi.org/10.1007/978-3-030-25674-6_7
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