Energy Industry News

Russia's Gazprom just delivered its first gas to China via an arctic route, thanks to receding ice

  • 📰 News24
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

United Kingdom United Kingdom Headlines News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Russian energy giant Gazprom said Friday it has made a first delivery of liquefied natural gas to China via the Arctic Northern Sea Route as receding ice sheets render the route more viable.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi, Russian oil cuts to cause big supply shortfall: IEAOil cuts by Saudi Arabia and Russia will cause a 'significant' global supply shortfall through the end of the year, raising the risk of further market volatility, the International Energy Agency said Wednesday.
Source: Fin24 - 🏆 21. / 63 Read more »