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...]

Pentagon Concerned About China’s Increasing Presence in the Arctic

By Phil Stewart and Idrees Ali WASHINGTON, May 2 (Reuters) - Deepening Chinese activities in the Arctic region could also pave the way for a strengthened military presence, including the deployment of submarines to act as deterrents against nuclear attack, the Pentagon said in a report released on Thursday. The assessment is included in the U.S. military's annual report … [Read more...]

Novatek Wants Arctic Sea Route Open Year Round

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 … [Read more...]

First Yamal LNG Cargo Shipped to China’s CNOOC via Northern Sea Route

Russian oil and gas firm Novatek has shipped it first cargo of Arctic gas produced at Yamal LNG to China National Offshore Oil Corporation. The LNG cargo was delivered to the Fujian LNG Terminal in China via the Northern Sea Route. The cargo was transported aboard an Arc7 ice-class LNG carrier in just 20 days, completing its eastbound transit of the NSR in 7.5 days and … [Read more...]