Arctic Passage Spurs LNG Trade

The discovery and extraction of vast liquefied natural gas (LNG) reserves on the Yamal peninsula in Siberia, Russia in the past decade has renewed interest in bulk transport through the Arctic Ocean and sub-Arctic waters which are now warming and ice-free due to climate change. The development of ice-strengthened tankers able to cleave their way through floes up to two metres thick now make it possible to ship gas and other materials year-round.

This viability of northern passages formerly untenable is exacerbating reliance on fossil fuel trade and spurring negligence around action on Climate Change, particularly by Russia, which is poised to gain more than many other nations from a warmer climate at northern latitudes. 



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