The Prospects of Developing Cooperation in the Arctic
When a year draws to a close, tradition dictates that we take stock of the past 12 months and plan for the future. What ... ... 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 ...
... maintains its leading place for the foreseeable future as its production of hydrocarbons since 2005 has not been outmatched in the Arctic. USA has peaked in the 1990s, but its 9 Alaskan fields are now in sharp decline and Norway’s Snovhit Field is not matching ... ... production as it is only producing single digits output vs. 45 million tons extracted by Russia. In fact, Alaska’s Kenal LNG Terminal was closed due to its inability to compete against the new Sakhalin LNG. Moreover, competition in the near future ...