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Authorities decide on Arctic shelf license holder - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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The authorities decided on the holder of licenses for work on the shelf of the Arctic

The authorities decided on the holder of licenses for work on the shelf of the Arctic
Photo: pixabay.com

The holder of a license to work on the Arctic shelf will be a consortium with the participation of a state-owned company and an investor company. This was announced at a press conference in the framework of the Days of the Far East in Moscow by Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yuri Trutnev.

“This may be a consortium of two companies, of the three, in different ways, depending on the interest in this section of the shelf,” the ambassador said.

Trutnev himself came up with the idea of ​​allowing foreign and private companies to develop the Arctic shelf. In his opinion, this will help attract competitors for Russian state-owned companies, which break deadlines shelf development. The idea was supported by the Russian government. It is planned that private companies will be allowed to develop the Arctic shelf Until 2035 year.

The Ministry of Eastern Development has developed the concept of a bill to expand the access of private investors to the implementation of projects on the Arctic shelf. According to it, when setting the balance of recoverable reserves, companies will receive mining licenses for 20 years.