Russian authorities hope the route will help increase oil and gas deliveries to Asia at a time when Moscow's traditional European clients are ramping down their energy dependence on Russia following the conflict in Ukraine.
The Arctic route cuts down the duration of shipments by more than a week compared with using the Suez Canal in Egypt. Private group Novatek, number two natural gas producer in Russia behind Gazprom, used the same route to deliver to China in 2018.
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Source: Fin24 - 🏆 21. / 63 Read more »