Macron Calls on Shipping Lines to Shun Arctic Route

By James Regan and Irina Reznik (Bloomberg) -- French President Emmanuel Macron is calling on container lines to avoid using a new Arctic shipping route to protect the environment. Speaking at the start of the Group of Seven summit in Biarritz in southwest France on Saturday, Macron said France‚Äôs biggest shipping line, CMA CGM, has committed not to use the so-called Northern … [Read more...]

Novatek Signs Partners for Arctic LNG-2 Project

Russian gas produce Novatek has closed its search for partners for its proposed Arctic LNG-2 project, adding a subsidiary of China National Petroleum Corporation (CNPC), CNOOC and the Japan Arctic LNG consortium to the project. Novatek's Arctic LNG-2 project proposes constructing three-train LNG export plant with a capacity of approximately 19.8 mmtpa extracted from the … [Read more...]

Russia’s Rosatom Sees Northern Sea Route Development Costing $11.7 Billion

By Katya Golubkova and Gleb Stolyarov MOSCOW, June 24 (Reuters) - Russia's ambitious Northern Sea Route (NSR) requires 735 billion roubles ($11.7 billion) in investments, with the state budget to provide a third and the rest to come from companies and banks, the head of state nuclear firm Rosatom, Alexey Likhachyov, said. Rosatom, the world's top nuclear company in … [Read more...]

Watch: Amazing Time-Lapse Shows the World’s Biggest Nuclear Icebreakers

https://www.youtube.com/watch?v=bKaVhXn49xY Check out this mesmerizing time-lapse showing the Russian nuclear-powered icebreaker Yamal conducting Arctic operations along the Northern Sea Route. The video was released by the Russian-based media company TimeLab which had a film crew spend a week filming aboard the icebreaker in March 2019. Also shown in the video is … [Read more...]

DP World, Russia Partnership Seeks to Develop Ports Along Northern Sea Route

By Katya Golubkova and Gleb Stolyarov ST PETERSBURG, June 7 (Reuters) - DP World, one of the world's largest port operators, wants to run ports that Russia plans to build along the northern sea route in the Arctic to shorten shipping times between the east and west, its chief executive told Reuters. Russian President Vladimir Putin has made developing the northern sea route … [Read more...]