Shelf oil and gas projects influence on the regional economic development (on the example of «Sakhalin-1» and «Sakhalin-2» projects)
- 1 — Ph.D., Dr.Sci. professor National Mineral Resources University (Mining University)
- 2 — Ph.D. associate professor National Mineral Resources University (Mining University)
Abstract
The Russian Far East is one of the problem areas where acute issues such as the modernization of the industrial infrastructure (especially transport), lack of qualified personnel, regional development disparities. Sakhalin Region is one of the most developed oil and gas region of the Far East. On the scale of foreign investment Sakhalin oil and gas projects are unique to Russia. These projects have a significant impact on the development of many other sectors of the economy, as: the construction, trade, finance, and services in the Sakhalin region and the Far East. The paper analyzes the main socioeconomic effects of the region in the implementation of the Sakhalin-1 and 2, which are the first large-scale development projects of the Russian shelf with foreign investment.