Russia Inks Deal with Dubai’s DP World To Develop Arctic Container Shipping A joint venture with Emirati logistics company DP World is the latest sign that Russia is looking for new partners to push ahead with the development of its Arctic shipping routes. At the same time, new forecasts suggest Western sanctions may negatively impact shipping volumes on the Northern Sea Route.
US Further Tightens Sanctions Screw Targeting Russian Arctic Gas Projects Existing Western sanctions targeting Russia’s Arctic oil and gas development plans have only had limited impact. Now the US aims to further slow down key energy projects in the region with measures specifically aimed at Novatek’s Arctic LNG 2 project.
Russia’s Novatek to Use Closer Ties with UAE to Secure Key Technology for Arctic LNG Project Following the departure of western companies from its Arctic LNG 2 project, Novatek is looking to use a newly founded Emirati company to source crucial technology to complete its flagship plant.
