International Energy Policy, the Arctic and the Law of the Sea (Center for Oceans Law and Policy)

The economic health of the global economy is directly tied to international energy policies, and none are more important than those of Russia, which is now the world's largest petroleum export nation. At the same time, oil and gas are finite resources and new sources of supply must be found. It is certain that the Arctic will be one of the areas of greatest interest. Wherever the energy resource originates, the law of the sea regime will be critical in the movement from source to market.