More from: Industry and Energy

Final preparations in the remote Arctic town that will host the floating nuclear installation.
September 06, 2019
A joint venture set up by Novatek and Sovcomflot will develop and run a powerful new fleet of Arctic carriers.
September 05, 2019
Prime Minister Narenda Modi’s visit to the Russian far east this week included focus on Arctic LNG, the Northern Sea Route and the Arctic Council.
September 04, 2019
It is the first shipment of the kind, shipowner Sovcomflot says.
September 03, 2019
Almost 50 years after Soviet oilmen drilled in the Norwegian Arctic archipelago, the Russian government commissions a new analysis of the well samples.
September 02, 2019
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
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
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
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
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
The current state monopoly on shelf development must end and foreign companies given access, Yuri Trutnev argues.
August 20, 2019
A light discovery is made in Sputnik, a well located near the bigger Wisting field.
August 20, 2019
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
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
Today’s floating docks in Murmansk are too small for the new fleet of LK-60 icebreakers.
August 08, 2019
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
The fourth and fifth icebreakers of the LK-60Ya type have a price tag of 50 billion Rubles (€710 million) each.
July 23, 2019
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
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
The company is no longer capable of operating the 42 year old liner that serves isolated settlements along the Kola Peninsula.
July 15, 2019
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
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
The Finland to Estonia undersea rail tunnel project led by businessman Peter Vesterbacka has taken a step forward.
July 09, 2019
Nornickel makes big money and has tripled payouts to its sharholders over the last three years.
July 08, 2019
Several million tons of liquified natural gas were reloaded in course of few months in the waters outside Honningsvåg, northern Norway.
July 05, 2019