How many resources are actually in the Arctic relative to resources farther south? What are the conditions under which they could be viably and commercially exploited? What interest do the states possessing Arctic hydrocarbons, i.e. Rather, how promising Arctic resources really are for future energy security concerns is an empirical question requiring careful evaluation. Nonetheless, the complexity of resource exploitation in such a remote region as the Arctic, as well as the potential for environmental disasters, raises significant questions about such a proposition. Multiple factors seem to render Arctic energy resources attractive: the expected persistence of fossil fuels (especially oil and gas) in the global energy mix, instability in oil-supplying countries in the Middle East, and the unclear future of nuclear energy after the Fukushima disaster. This Special Report was originally published as a Working Paper 2013-3 by the Center for Energy, Governance and Security at Hanyang university, Seoul.Īgainst the background of a growing demand for energy worldwide, many claim that the hydrocarbon resources of the Arctic region have become an important variable for future energy security.
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