More from: Industry and Energy

Companies build Arctic mega-projects, get billions in tax cuts

Natural gas company Novatek gets 40 billion rubles tax deductions for the building of a grand port terminal in the Gydan Peninsula. The deal is one of a series of tax benefits for the companies investing in Russia’s new Arctic projects.
August 29, 2019

Russia to launch nuclear-powered fish shipping around Scandinavia

The 30-years old container carrier “Sevmorput” is now being loaded with 200 refrigerated containers with fish at port in Petropavlovsk-Kamchatskiy and will soon set sail for the Northern Sea Route and further south to St. Petersburg.
August 26, 2019

Gloom in horizon as Russia announces it will boost digging of coal

Climate crisis and environmental concern notwithstanding, the country says it aims for a big dig of the carbon-rich rock. Much of it will be extracted in new Arctic fields.
August 23, 2019

Floating nuclear power plant leaves Murmansk for Russia’s eastern Arctic

Tugs start towing floating nuclear power plant across the Northern Sea Route from Murmansk to Chukotka in what is just the new beginning of a massive investment in new reactors for civilian and military purposes in the Russian Arctic.
August 23, 2019

Natural gas company strikes Arctic deal with Ministry of Defense

The projected reloading terminal for LNG in Ura Bay outside Murmansk has been fully approved by Russian military authorities, Novatek leader Leonid Mikhelson assures.
August 23, 2019

It’s time for Russia to reshape plans for Arctic shelf, says Deputy Premier

The current state monopoly on shelf development must end and foreign companies given access, Yuri Trutnev argues.
August 20, 2019

Equinor finds more Barents oil

A light discovery is made in Sputnik, a well located near the bigger Wisting field.
August 20, 2019

One of Russia’s richest men mulls big investments in Arctic coal and infrastructure

Roman Trotsenko is ready to invest large sums in the opening of a far northern coal mine and the building of a new major seaport on the Barents Sea coast.
August 14, 2019

Kremlin’s prophesy for the Northern Sea Route is keeping Moscow officials busy

How much goods can be shipped along Russia’s Arctic route between Europe and Asia? The Ministry of Transport believes shipments can grow as much as 35 million tons in only one year.
August 08, 2019

Floating dock for nuclear icebreakers to be built in Crimea

Today’s floating docks in Murmansk are too small for the new fleet of LK-60 icebreakers.
August 08, 2019

Russia’s biggest oil company announces more offshore Arctic drilling

Five years after it found one of the largest oil fields in Arctic waters, Rosneft makes clear that more drilling in the Kara Sea is coming up.
July 30, 2019

Rosatomflot announces tender for additional two nuclear-powered icebreakers

The fourth and fifth icebreakers of the LK-60Ya type have a price tag of 50 billion Rubles (€710 million) each.
July 23, 2019

Norwegian ships accompany Chinese rig to Russian Arctic drill site

A fleet of supply ships surround the «Nan Hai Ba Hao» as it gets ready to spud a well in the Kara Sea.
July 16, 2019

Citizens’ initiative to reform mining law heads to Finnish Parliament

A citizen’s initiative to reform Finland’s mining law has received 50,000 signatures, meaning that the proposal now qualifies for consideration on the parliamentary floor.
July 16, 2019

Economically wrecked Murmansk Shipping Company loses control over its only passenger line

The company is no longer capable of operating the 42 year old liner that serves isolated settlements along the Kola Peninsula.
July 15, 2019

No big Arctic oil on Northern Sea Route without big tax cuts, says Rosneft

The company makes clear that it can build a 600 km long pipeline to the Arctic Ocean and export millions of tons of oil through Arctic waters. But only if it gets major tax benefits from government.
July 11, 2019

«We want to change the course of history,» says Northern Sea Route operator

With new super-powerful icebreakers, the Russian Arctic route might be able to compete with the Suez Canal, leader of nuclear power company Rosatom argues.
July 10, 2019

Helsinki-Tallinn tunnel deal set to be inked with Chinese construction company

The Finland to Estonia undersea rail tunnel project led by businessman Peter Vesterbacka has taken a step forward.
July 09, 2019

Arctic’s biggest air-polluter distributes $3,7 billion in 2018 cash dividends to owners

Nornickel makes big money and has tripled payouts to its sharholders over the last three years.
July 08, 2019

Quiet in Norwegian Arctic port as reloading of Russian LNG comes to end

Several million tons of liquified natural gas were reloaded in course of few months in the waters outside Honningsvåg, northern Norway.
July 05, 2019

Floating nuclear power plant will be key element on Northern Sea Route, says Rosatom

The «Akademik Lomonosov» has been officially handed over to the Russian state nuclear power company.
July 04, 2019

Chinese oil drillers are back in Russian Arctic

It is the third year in a row that drilling rig «Nan Hai 8» arrives in Murmansk to prepare for drilling in Arctic waters.
July 04, 2019

Ice still lies thick on the water as LNG carrier makes this year’s first voyage across Northern Sea Route

The «Vladimir Rusanov» is breaking its way from Sabetta to Korea through Russia’s Arctic route.
July 02, 2019

Japan teams up with Russia in big Arctic LNG

Companies Mitsui and JOGMEC acquire a 10 percent share in Novatek’s Arctic LNG 2.
July 01, 2019

Freshly painted floating nuclear-power plant gets 10 years operating license

The «Akademik Lomonosov» will be towed from Murmansk to Pevek in August when the sea ice is at its minimum for the season.
June 28, 2019

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