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Natural resource development projects implemented in the Yamal-Nenetz Autonomous Okrug: export risks

The paper considers the issues of the long-term development in the Yamal-Ne-netz Autonomous Okrug. We show that the current financial and economic crisis may significantly affect the implementation of the large-scale projects of system-forming character for this region. We also evaluate the export risks for the Yamal Natural Gas Production Project if European partners switch over to other gas markets. Should the Project be withdrawn, the regional fiscal losses will be so high that the complete revision of the Yamal socio-economic strategy will be required.

Kharitonova V. N. kharit@ieie.nsc.ru

Keywords: region Siberia region strategy system-forming project commercial and public efficiency energy-output ratio