Novatek and Rosatom have agreed to establish a joint venture that would build, finance and operate a fleet of LNG-powered icebreakers. The fleet woul
[Full Text]2018-09-28
While Russia’s economy is increasingly burdened by Western sanctions, Moscow has recently made crucial headway with a new Arctic transport corridor, w
[Full Text]2018-09-28
The U.S. Coast Guard is on the cusp of finally acquiring new icebreakers, 42 years after commissioning its only current heavy icebreaker. But
[Full Text]2018-09-28
China's first domestically built icebreaker, the Xuelong 2, was launched from the Jiangnan Shipyard in Shanghai on Monday. The vessel is 122.5 meters long and 22.3 meters wide, with a displacement of 13,990 tons and a navigation capability of 20,000 nautical miles. [Full Text]
2018-09-26
The Russian government and the State Duma are viewing a draft law making possible to resume licensing of offshore areas in Arctic Russia[Full Text]
2018-09-26
Energy company Gazprom will soon be able to deliver up to 150 billion cubic meters of natural gas per year from its fields in the Yamal Peninsula.[Full Text]
2018-09-26
“Housing shortages and overcrowding are pivotal issues retarding economic development”[Full Text]
2018-09-26
Donald Gasper says China has helped to finance Russia’s quest to develop Arctic resources after US sanctions, and deeper involvement may follow if Beijing can acquire a management role[Full Text]
2018-09-26
Russia presented the application for expansion of continental shelf limits in the Arctic region by 1.2 mln square kilometers to the UN commission in August 2015 [Full Text]
2018-09-26
EEarlier this week, it was announced that in exchange for 700 million Danish kroner ($109 million), Greenland would allow Denmark a 33% stake in Kalaallit Airports, the state-owned company formed to renovate, own, and operate airports in three locations: the capital of Nuuk, the iceberg-filled tourist destination of Ilulissat, and Qaqortoq, where facilities would be built from scratch. The agreement, which gives Copenhagen a stake in the first two airports, means that the Chinese company involved in the bidding process for the construction works will now likely not be chosen to improve aviation infrastructure in a country with few roads. While it is still possible that China Communications Construction Company (CCCC) – the only non-Western company among the six bidders – could be awarded the construction contract, the fact that Copenhagen will front a large portion of the required funds reflects its desire to avoid Greenland falling into the debilitating debt trap that is becoming all too common with Chinese infrastructure projects in which Chinese banks loan the money for construction and Chinese companies carry it out.[Full Text]
2018-09-26
