Japan government bank extends freeze of loan to Arctic LNG 2
The loan agreement signed last November between the Russian natural gas project and the Japan Bank for International Cooperation (JBIC)
Read more
Novatek
Novatek CEO admits Arctic development projects “strained”
Company CEO Leonid Mikhelson admits that the development of far northern projects is “strained.” The natural gas producer declines to
Read more
Transportation crisis looms in Arctic Russia
International sanctions threaten the country’s supply chains. Nuclear-powered container ship “Sevmorput” will this year play key role in supplying goods
Read more
Arctic Economic Council switching to online meeting amidst Russian invasion of Ukraine
Amidst Russia’s invasion of Ukraine, the Arctic Economic Council (AEC) annual general meeting in St-Petersburg will go from a hybrid,
Read more
Russia’s Arctic LNG project might come to halt
Novatek will not get needed financing for its development of the Arctic LNG 2. Following Western sanctions against Russian banks, the
Read more
Russia’s new Arctic LNG project will be built with western tech
Company Novatek decides to develop the Ob LNG on the basis of a floating gravity-based structure. The next liquified natural
Read more
A 12,000-ton gas plant module shipped on Northern Sea Route from China to Murmansk
The successful shipment shows that year-round deliveries can be made on the Northern Sea Route, company Novatek argues after heavy
Read more
Putin says gas from Arctic Russia can provide long-term energy security for Europe and Asia
We have more than 50 trillion cubic meters of natural gas reserves alone in the Yamal region, the President underlined
Read more
Novatek’s new Arctic license areas located in protected nature reserve
The natural gas company was awarded the controversial licenses after it sent a letter to the Kremlin. Company leader Leonid
Read more
Big oil, gas and coal making headway on Russian Arctic coast
Hundreds of ships loaded with construction materials shuttle to the sites of new nonrenewable energy projects. Over the past year,
Read more
Shipping, climate & business opportunities in the North: Q&A with the Arctic Economic Council
Russia took over the rotating two-year chairmanship of the Arctic Economic Council (AEC) in May. Shipping and maritime safety are
Read more
First plane lands in Novatek’s new airport in Arctic Russia
The 1,550 meter long runway is now ready to operate round-the-year as part of the company’s Arctic LNG 2 project.
Read more
Rigs sail north for drilling in Russian Arctic
Wells will this summer be drilled in the the Kara Sea and the Gulf of Ob. Jackup rig Perro Negro 8 this
Read more
Total buys stake in Murmansk LNG terminal in Arctic Russia
The French company acquires 10 percent of Arkticheskaya Perevalka, the subsidiary company of Novatek that will operate a natural gas
Read more
Arctic in spotlight as Moscow pushes for global lead in LNG
Russia’s new government Program on Liquified Natural Gas includes a series of new Arctic projects, among them possibly the Shtokman
Read more