... Arctic
On the whole, the situation that has shaped up in the Arctic in 2018 can be generally described with the English saying “back to normalcy.”
As for Moscow, it continued the consistent implementation of its socioeconomic development of the Arctic Zone of the Russian Federation (
AZRF
) programme in 2018. The Yamal LNG plant reached its design capacity. Seven out of fifteen icebreaker-class LNG carriers capable of delivering freight to customers all year round already sail the Northern Sea Route (NSR), transporting gas from the Port of Sabetta. Novatek
plans
to ...
... following the anticipated increase in shipments via the Northern Sea Route. To cite some top figures we expect to see 15 million tons of transit cargo pass here, 10 million tons of crude oil pass from Noviy Port and 15 million tons of LNG pass from Yamal LNG facility, where construction of a new Port Sabetta is in full swing.
As Vasiliy Bogoyavlenskiy from RAS outlined, Russia is in a good position in the Arctic as it extracts 3.5 times more than all other nations combined and is gaining vital experience, as 2/3 of it is located under permafrost that sooner or later will need to be developed. It is also a positive sign as both the Gulf of Mexico and North ...
