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
Yamal LNG - Commercial Overview
The giant South Tambeiskoye gas condensate field is located on the remote Yamal Peninsula, in West Siberia. It underpins Yamal LNG, a ...
$2,700
Asset Report
Khvalynskoye
The Khvalynskoye field lies in the Russian sector of the Caspian Sea, close to the Kazakh border. In May 2002, Russia and Kazakhstan ...
$3,720
Insight
Vostok Oil: Rosneft’s very big bet on very big oil
Vostok Oil is the biggest onshore oil project currently under development in the world. We evaluate it from all angles.
$1,350
