O V Zhukov¹ and A E Cherepovitsyn²

¹ Luzin Institute for Economic Studies of the Kola Science Centre, Russian Academy of Sciences (IES KSC RAS), 24a, Fersmana str., Apatity, 184209, Russia

² St. Petersburg Mining University, 2, 21st Line, St Petersburg, 199106, Russia

Abstract

The article discusses the issue of developing an optimal investment plan aimed at implementing large-scale projects for the production of natural gas in Western Arctic shelf areas. It presents the results of evaluating the economic efficiency of project implementation for two possible taxation scenarios: the one based on the current tax system and the one based on a production sharing agreement (PSA). The results obtained indicate that in implementing gas projects, it is advisable to use a step-by-step multivariate system for evaluating their commercial and fiscal efficiency taking into account the planned technical and organizational measures.