The development of markets for low-carbon energy sources requires reconsideration of issues related to extraction and use of oil and gas. Significant reserves of hydrocarbons are concentrated in Arctic territories, e.g., 30% of the world’s undiscovered natural gas reserves and 13% of oil. Associated petroleum gas, natural gas and gas condensate could be able to expand the scope of their applications. Natural gas is the main raw material for the production of hydrogen and ammonia, which are considered promising primary energy resources of the future, the oxidation of which does not release CO₂. Complex components contained in associated petroleum gas and gas condensate are valuable chemical raw materials to be used in a wide range of applications. This article presents conceptual Gas-To-Chem solutions for the development of Arctic oil and gas condensate fields, taking into account the current trends to reduce the carbon footprint of products, the formation of commodity exchanges for gas chemistry products, as well as the course towards the creation of hydrogen energy. The concept is based on modern gas chemical technologies with an emphasis on the production of products with high added value and low carbon footprint.