Political Risk

 Political Risk Research Conventional paper

Eini Laaksonen Political hazards of foreign direct investment in the Russian gas industry – The Shtokman gas field task in the Arctic Ocean Electronic Publications of Pan-European Commence 14/2010

ISSN 1795 -- 5076

Political risks of foreign direct investment inside the Russian gas industry – The Shtokman gas discipline project in the Arctic Marine

Eini Laaksonen1

14/2010 Electronic digital Publications of Pan-European Company www.tse.fi/pei

one particular

Eini Laaksonen is Study Associate at the Pan-European Institute at the Turku School of Economics, University of Turku. Her study interests incorporate political risks for overseas direct expense particularly in the Russian Arctic and the general investment conditions of St Petersburg and Murmansk place.

Eini Laaksonen

PEI Digital Publications 14/2010 www.tse.fi/pei


1 ) 1 1 ) 2 1 . 3 1 . 4 1 . 5

6 7

several 12 twenty 23 twenty-eight


The Russian gas production plus the Arctic gas resources Activities of political risk in Russia The Shtokman gas field task Earlier research on personal risk in Russia The objective and structure of the research


installment payments on your 1 installment payments on your 2 2 . 3 installment payments on your 4 2 . 5


The idea of political risk Macro options for political risk Micro options for political risk Effects of politics risk upon business The political risk construct to get a gas field project


30 thirty four 39 47 51

a few 4

4. 1 four. 2 some. 3 4. 4 some. 5 four. 6


Macro-level sources Industry-level options Company-level resources Project-level options Effects of political risk upon business The main empirical conclusions

58 63

63 sixty-eight 75 seventy nine 81 87


your five. 1 a few. 2 a few. 3 five. 4


Theoretical implications Political risk in the Shtokman project The future development of the Shtokman field Limitations and suggestions for even more research


91 90 104 108


Eini Laaksonen

PEI Electronic Guides 14/2010 www.tse.fi/pei


Appendix you Appendix a couple of Appendix 3 Appendix four Appendix five Appendix six Proved natural gas reserves Russian oil and natural gas at a glance Maritime jurisdiction and limitations in the Arctic region Summary of previous studies about political risk in Spain The key factors in analysing political hazards in oil and gas industry The interview inquiries

110 117

117 118 119 one hundred twenty 122 123


Eini Laaksonen

PEI Electronic Magazines 14/2010 www.tse.fi/pei


Stand 1 Desk 2 Desk 3 Desk 4 Desk 5 Desk 6 Activities of PSAs in Russia Robock's conceptual framework for political risk The macro political risk construct A political risk framework A micro politics risk assessment model The operationalisation table for assessing macro political risk in the case of Shtokman job 19 33 34 thirty seven 40



Number 1 Physique 2 Number 3 The structure in the research Mini vs . macro political risk Evaluation of political hazards of a international investment access decision procedure The politics risk build for a overseas direct purchase into a gas field job The main scientific findings from the research The political risk construct for any foreign direct investment inside the Shtokman gas field job A fictional computation of the Shtokman field's revenue with different gas prices Elements affecting the introduction of the Shtokman gas discipline project up to 29 31


Figure some

53 fifth 89

Figure 5 Figure six


Determine 7

103 105

Determine 8


Eini Laaksonen

PEI Electronic Publications 14/2010 www.tse.fi/pei


BOP BP CIS EUROPEAN UNION FDI FSB IMF LNG NAFTA CONNATURAL PSA EL USA USD USSR WTO WWF Equilibrium of repayments British Petroleum The Earth of Impartial States The European Union Foreign direct investment The Federal Protection Service from the Russian Federation The Foreign Monetary Pay for Liquefied gas The American Free Trade Agreement The North Ocean Treaty Corporation Production sharing agreement The United...

References: PEI Digital Publications 14/2010 www.tse.fi/pei

BO (2010a) Gazprom seeks fresh leader of Shtokman Advancement


Statistical Review of Globe Energy (2009) June 2009

E& G

Economist (2009) The seek out shale gas in The european countries: bubbling below



PEI Electronic Publications 14/2010 www.tse.fi/pei

Koivurova, Timo (2010) Tausta: Mitä Norja ja Venäjä lopulta sopivat rajakiistassaan? YLE

NE (2010) Gazprom game player: Hello Yamal, goodbye Shtokman. New European countries. Issue 871, January 23, 17. NSIDC (2009) What is the Arctic? National Snow and Ice Data Center., retrieved 11. 9. 2009.

PEI Electric Publications 14/2010 www.tse.fi/pei

NYT (2006b) Layer cedes charge of Sakhalin-2 to Gazprom

RFE (2007) Russian federation: BP-TNK, Gazprom, and the Kovytka gas field. Radio Cost-free Europe., recovered 7. 4. 2010. RIA (2006) Easy come, convenient go: Covering and Sakhalin. RIA Novosti., retrieved 2 . 11. 2009.

Statoil (2009) Corporate Announcement., retrieved 19. 4. 2010. StatoilHydro Total annual Report (2008), retrieved nineteen. 4. 2010. Putin requires hard collection on Covering Sakhalin argument. Times Online., retrieved 2 . 11. 2009.



TO (2007) Gazprom will take aim at Exxon in struggle against international ownership. Moments Online., recovered 6. some. 2010.



 Political Scientific research Essay 19.08.2019

Political Scientific research Essay

788 19.08.2019

Personal Science

Political science composition. The science of politics is known as a large, yet very rewarding, area of research. Political technology is typically defined as the organized study of political your…...

Read →
 Essay in Nucro 2009 Case Evaluation 23.08.2019

Essay in Nucro 2009 Case Evaluation

COMM 1010: Individual Task Nucor last year Case Evaluation Hussein Savji B00575439 The fall of 1, 2013 1 . Essential Issues…...

Read →
 Economic and Political Causes for the American Trend Essay 03.09.2019

Economic and Political Causes for the American Trend Essay

757 03.09.2019

Economic and Political

There were many reasons for the American Revolution. A pair of them had been the monetary and personal changes the colonies had been going through. The particular southern…...

Read →
 Electronic Street Pricing pertaining to traffic congestion Dissertation 04.09.2019

Electronic Street Pricing pertaining to traffic congestion Dissertation

п»їIntroduction One of the most complications today is the traffic congestion that people experience in the large city. We feel that it is a pain during each…...

Read →
 His 116  Detrimental War Analysis Paper 08.08.2019

His 116 Detrimental War Analysis Paper

423 08.08.2019

His 121

Detrimental War HIS/115 July twenty-four, 2011 City War 1787 – Northwest Ordinance * Included provisions that outlawed slavery throughout the territory by congress * Created sociable…...

Read →
 He Insider secrets Of Udolpho By Ann Research Paper 08.08.2019

He Insider secrets Of Udolpho By Ann Research Paper

п»їhe Mysteries of Udolpho by Ann Radcliffe is a Gothic romance that presents great phenomenon which is later explained by natural causes. In the book, Emily St Albert…...

Read →
 Marketing Plan Essay 08.08.2019

Marketing Plan Essay

654 08.08.2019

Promoting Plan

BUSINESS SUMMARY Gjof Pearl Shake is a growing pearl shake business operating out of the Quezon Province. We all maintain this image by providing our customers quality product or…...

Read →
 Educational Psychology: a Tool intended for Effective Teaching Essay 08.08.2019

Educational Psychology: a Tool intended for Effective Teaching Essay

764 08.08.2019

Educational Psychology: a

Summary Santrock Section 1" Educational Psychology: A device for Powerful Teaching” Mindset is the study of habit and mental process. Educational Psychology may be the branch of mindset…...

Read →
 Essay on Drypers Organization 08.08.2019

Essay on Drypers Organization

451 08.08.2019

Drypers Corporation

Drypers Corporation National Television Marketing campaign 1 . Problem definition What are the inquiries to be made a decision? Drypers Businesses senior management were talking about…...

Read →