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Welcome to Arctic

Nowadays Arctic is considered by Russia as the point of common interests and the area for implementation of joint projects in different spheres

Welcome to Arctic

“Fundamentals of the Russian Federation state politics in Arctic till 2020 and long-term outlook” is the official document, which have laid down bases of international cooperation for exploration of the polar region. It was adopted on the 18th of September in 2008. Nowadays Arctic is considered by Russia as the point of common interests and the area for implementation of joint projects in different spheres.

Many opportunities to interact with western partners have appeared after signing this program. Foreign companies have paid attention to the natural resources of the Arctic territory. Thus, Norwegian “Statoil”, French “Total” and Russian “Gazprom” have been developing Shtokman offshore gas field in the Barents Sea which is estimated to be 3.9 trillion cubic meters. The production of gas is beginning in 2013 and the processing of liquid natural gas will be brought to 10 billion cubic meters in 2014. So in the nearest future the project will meet western countries requirements in hydrocarbons. Large-scale logistic facilities in the northwest of Russia including Nord Stream pipeline make it possible to deliver gas to Germany, directly to European consumers. As a result it reduces transportation costs and final price.

It is not all the opportunities given in Arctic which businessmen can use with signing new agreements with Russia. Within the framework “Yamal LNG” project French “Total” and Russian “Novatek” have begun to build liquid natural gasworks and a new arctic Sabetta seaport on Yamal peninsula. Operation of the seaport since 2018 will give an opportunity for ship refueling and replenishment. More than that at the New York Stock Exchange there is the increase of capitalization of joint American “Exxon Mobil” and Russian “Rosneft” enterprise for drilling in the Kara Sea.

As a result of growing attractiveness of the North Sea Route Russia offers to develop cooperation with such countries as China, Japan, South Korea and Singapore. They are interested in the opportunities given by transarctic ways as shorter route in comparison with the passage from Europe to Asia through the Suez Canal. For example a route from Dutch Rotterdam to Japanese Iokogama along the North Sea Route is shorter by 4450 miles than more popular today the way through the Suez having 18000 ships a year. Norwegian Shipping company “Tschudi” officials estimated they had saved 300 000 dollars and had reduced time for the cargo delivery from 37 to 21 days when they had fulfilled the voyage along the North Sea Route from Norway to Chinese Layunghang in August 2010. In his interview the chief of the firm Felix Tschudi pointed the necessity to use this profitable way.

Trying to stimulate foreign companies to use such valuable experience Russia attracts western investors’ attention to the example of “Norilsk Nickel” corporation that can transport its materials without freighting icebreakers as it has done it before. Thereby shareholders get additional profit of millions.

The contacts in education and science give extra opportunities for cooperation. Russian universities with educational programs in Arctic studies have recorded the increase in the number of students arriving in Russia particularly in Arkhangelsk. The same situation can be watched in Norway. According to specialists’ opinion scientific and cultural exchange gain higher level and help to focus on active cooperation in sustainable development in Arctic.

Russia’s intention of cooperation with other countries in different spheres of life such as politics, economy, education, environment protection and others creates favorable conditions for common rational usage of the northern territories.

Source: http://arctic-blog.livejournal.com

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