Canada and Russia Arctic and Northern Working Group
There
is
an
increasing
realization
that
as
North
America’s
production
of
conventional
oil
and
gas
enters
a
more
mature
stage
of
their
production
life
cycle;
they
must
look
to
emerging
producing
regions
to
make
up
the
shortfalls
cause
by
the
production
declines.
Oil
demand
in
China
is
projected
to
be
6.5
MMBbl/day
by
2010,
second
only
to
the
US
Forecast
of
25.2
MMBbl/day.
This
demand
may
be
underestimated
because
China’s
booming
economy
is
growing
at
a
rate
of
30%
per
year.
Reserves
in
2004
are
depleting
three
times
as
fast
as
new
reserves
are
being
discovered.
It
is
estimated
that
Russian
production
could
be
increased
by
15%
using
technologies
imported
from
the
more
mature
producing
countries
such
as
Canada.
Consequentially,
there
will
be
a
high
demand
for
transporting
oilfield
equipment
to
these
new
producing
areas
in
Russia.
While
much
of
this
equipment
could
be
sent
via
marine
transport
because
it
is
destined
for
the
Sakhalin
Islands,
which
can
be
reached
by
ships,
amphibious
hybrid
air
vehicle
might
have
a
role
to
play
in
the
transport
of
high
value
equipment
that
could
be
damaged
or
stolen
in
transit.
The
potential
impacts and opportunities have been explored in detail in a report prepared by LPS Aviation.
As
well,
industry
groups
are
starting
to
work
towards
closer
relations
and
develop
the
bilateral
aviation
agreement
necessary
to
make
the
flow
of
passengers
and
cargo
by
air
more
streamlined.
A
group
known
as
the
Canada-Russia
Arctic
and
North
Working
Group
was
reconstituted
in
December
2004
as
directed
by
the
Prime
Minister
of
Canada
and
the
President
of
the
Russian
Federation.
The
Arctic
and
North
Working
Group
is
an
advisory
body
to
the
Intergovernmental
Economic
Commission
for
facilitating
bilateral
discussions
on
policy
issues
of
common
concern
related to the Arctic and the North
Skyfreighter Canada Ltd
Canada and Russia Arctic and Northern Working Group
There
is
an
increasing
realization
that
as
North
America’s
production
of
conventional
oil
and
gas
enters
a
more
mature
stage
of
their
production
life
cycle;
they
must
look
to
emerging
producing
regions
to
make
up
the
shortfalls
cause
by
the
production
declines.
Oil
demand
in
China
is
projected
to
be
6.5
MMBbl/day
by
2010,
second
only
to
the
US
Forecast
of
25.2
MMBbl/day.
This
demand
may
be
underestimated
because
China’s
booming
economy
is
growing
at
a
rate
of
30%
per
year.
Reserves
in
2004
are
depleting
three
times
as
fast
as
new reserves are being discovered.
It
is
estimated
that
Russian
production
could
be
increased
by
15%
using
technologies
imported
from
the
more
mature
producing
countries
such
as
Canada.
Consequentially,
there
will
be
a
high
demand
for
transporting
oilfield
equipment
to
these
new
producing
areas
in
Russia.
While
much
of
this
equipment
could
be
sent
via
marine
transport
because
it
is
destined
for
the
Sakhalin
Islands,
which
can
be
reached
by
ships,
amphibious
hybrid
air
vehicle
might
have
a
role
to
play
in
the
transport
of
high
value
equipment
that
could
be
damaged
or
stolen
in
transit.
The
potential
impacts
and
opportunities
have
been
explored
in
detail
in
a
report
prepared
by LPS Aviation.
As
well,
industry
groups
are
starting
to
work
towards
closer
relations
and
develop
the
bilateral
aviation
agreement
necessary
to
make
the
flow
of
passengers
and
cargo
by
air
more
streamlined.
A
group
known
as
the
Canada-Russia
Arctic
and
North
Working
Group
was
reconstituted
in
December
2004
as
directed
by
the
Prime
Minister
of
Canada
and
the
President
of
the
Russian
Federation.
The
Arctic
and
North
Working
Group
is
an
advisory
body
to
the
Intergovernmental
Economic
Commission
for
facilitating
bilateral
discussions
on
policy
issues of common concern related to the Arctic and the North
Skyfreighter Canada Ltd
