The Christophe de Margerie, an ice-class tanker fitted out to transport liquefied natural gas, is docked in Arctic port of Sabetta, Yamalo-Nenets district, Russia March 30, 2017. REUTERS/Olesya Astakhova
by Sabina Zawadzki (Reuters) – Russian gas producer Novatek wants to use nuclear icebreakers to keep the Northern Sea Route, a shipping path traversing the Arctic to Asia, open all year long for its liquefied natural gas (LNG), a top executive said on Wednesday.
“Our plan is to keep the Northern Sea Route open twelve months a year in 2023 to 25 with 100-megawatt-hour nuclear icebreakers,” Novatek Chief Financial Officer Mark Gyetvay told delegates at an energy conference.
Novatek operates the Yamal LNG facilities in Russia’s Arctic north, which have already produced 11 million tonnes of LNG since starting production in December 2017.
Reporting by Ekaterina Kravtsova; writing by Sabina Zawadzki; Editing by Kirsten Donovan
By Susanne Barton Sep 6, 2025 (Bloomberg) –Microsoft Corp. said Saturday it’s no longer detecting issues with its Azure cloud platform after multiple international cables in the Red Sea were cut. ...
COSCO Shipping Ports is facing "challenges" with its international investments amid pressures from the U.S. trade war, its managing director said in Hong Kong on Thursday.
China is threatening to block the sale of more than 40 ports, owned by Hong Kong-based CK Hutchison, to BlackRock and Mediterranean Shipping Company (MSC) if Chinese shipping company Cosco does not get a stake, the Wall Street Journal reported on Thursday, citing unnamed sources.
July 17, 2025
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