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State support for petrochemicals and invenstments in Russian Arctic opens up new opportunities for the development of hydrocarbon resource base

The new vector of the energy policy of the Russian Federation, aimed at the development of non-resource exports, was supported in 2020 by the adoption of key federal laws that stimulate gas processing (ethane and LPG) and business activities in the Arctic zone of the Russian Federation. These changes are an incentive for the implementation of innovative projects with an expanded technological chain with the production of products with high added value. Arctic gas condensate fields in the Russian Federation are acquiring additional potential to significantly increase the value and monetize large-scale reserves, most of which are located in the YamaloNenets Autonomous District. Global trends confirm the relevance of the gas chemical direction – with the growth of global consumption, the need for final polymer products will increase, and with the new environmentally friendly energy transition, the share of gas will increase. The article presents a comprehensive analysis of trends in the development of the world market of gas and gas chemical products, the hydrocarbon resource base of the Russian Federation and changes in legislation. It is concluded that the enterprises of the Russian Federation have advantages for the implementation of gas chemical projects in the medium and long term in 2022-2030, especially in the Arctic zone of the Russian Federation.