Climate Changes in the Arctic with the Emphasis on Future Industrial Development

Discoveries of oil and gas in the Arctic increased industrial activities and development of natural resources. Russian Federation covers around two thirds of the Arctic, covering Barents Sea, Pechora Sea, Kara Sea, Laptev Sea, and East Siberian Sea. Arctic is populated with more than 4 million citizens. Russian citizens present a dominant population in the Arctic with around 2 million of Arctic habitants with the decreasing trend in last 20 years. The world has a strong demand for oil and gas with an increasing trend in the future. Energy demand requires more exploration activities in northern latitudes. Arctic rich petroleum resources can contribute in future energy needs and attracted world attention for research as well as investments in this region.