Page 41: of Offshore Engineer Magazine (Nov/Dec 2019)

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REGIONAL REPORT The Arctic

Source: Storvik & Co close to 20 million tons of LNG and more to come. Dry Transport and logistics gas is also produced at the peninsula and transported by The Northern aspect also includes two international pipeline. Oil from the Timan Pechora region is exported transport routes. The Northern Sea Route (NSR) is a through the Varandey terminal at the Pechora coast. Oil is shipping lane between the Atlantic Ocean and the Paci? c also produced from the Prirazlomnoje ? eld and Kolguev in Ocean along the Russian coast of Siberia and the Far East.

the Pechora Sea. The distance from Northern Europe to China and vice

At this time with Western sanctions we see that Chinese versa, is approximately 40% shorter than via the Suez Ca- capital and contractors have gained a solid position in the nal or 60% shorter via the Cape of Good Hope.

Russian petroleum industry. With accelerating energy and mineral resources in the

The Russian activities have from time to time also led Northern Region, effective alternative transportation so- to activities on the Norwegian side. In the form of ship- lutions between Europe and the Far East will be of in- to-ship transfer from ice class tankers to conventional creased importance. tankers of crude oil, condensate and LNG in Kirkenes During the favorable ice season, the Arctic region has a and Honningsvåg, North Cape. Vardø Port is serving transport advantage to the fast growing regions in the Far vessels in the sea route by transfer of crew, technical East. Voyages increase annually and expectations for this equipment etc. While Kirkenes is serving Russian ? shing alternative sea route are high. vessels and Chinese exploration vessels working on the The New Silk Road is another newcomer.

Russian shelf. The Narvik Port is today exporting to the world mar- nOVEMBER/DECEMBER 2019 OFFSHORE ENGINEER 41