Insight
Russia's Northern Sea Route: grand designs, modest progress
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Northern Sea Route (NSR) in Russia's Arctic offshore is a largely untapped maritime trade artery. The Russian government has had a long-held strategic objective to develop year-round shipping along it to maximise value from Russia’s oil and LNG exports. The NSR can also act as a shipping route for goods from Asia to Europe. The outlook, however, for Russia’s Arctic ambitions has changed dramatically since the invasion of Ukraine. We assess the key issues for the development of the NSR: • Pivot to Asia – how important is the NSR for hydrocarbon exports to China and India? • Export volumes – how much could be shipped along the NSR? • Oil and LNG projects – what are the key projects that will unlock the potential of the NSR? • Western sanctions – what impact are they having on the development of the NSR? • Shipping – how many vessels are needed and what progress is being made?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Ringvei Vest
The Ringvei Vest project includes the development of five fields: Grosbeak, Røver Nord, Røver Sør, Swisher and ...
$3,720
Asset Report
Heidrun
Heidrun is a large oil and gas field located in the northern part of the Haltenbanken area.
$5,280
Asset Report
Gryphon Area
The Gryphon Area is comprised of four fields: Gryphon, Maclure, Tullich and Ballindalloch. The grouping is located within the prolific ...
$3,720
