... that may improve the livelihood of Arctic communities are still left underserviced. Russian leadership is also not incredibly enthusiastic about the prospects of renewable energy in the region. Aleksey Chekunkov has stated that the government believes LNG to be the best solution moving forward for cleaner energy in the region. There is also a lack of incentives for Russian companies to heavily invest in the transition to renewable energy in the Arctic. These companies lack the technology available in other Arctic states and the incentive of measures such as a carbon tax. The lack of government incentive in the form of a carbon tax may negatively impact Russia in the near future as political ...
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 (
) 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
... 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 ...