Gazprom Neft intends to increase oil supplies along the Northern Sea Route – Kommersant

Gazprom Neft intends to increase oil supplies along the Northern Sea Route - Kommersant

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Gazprom (MOEX: GAZP) Neft plans to increase the volume of oil supplies via the Northern Sea Route (NSR) to Asia, the head of the company, Alexander Dyukov, told reporters. According to him, special seventh-class icebreakers are also needed for year-round voyages.

“We are considering this possibility, it is too early to comment in more detail,” Mr. Dyukov answered a question from journalists about increasing supplies through the Northern Sea Route (quote from TASS). He said that to use the NSR all year round, special tankers of the seventh Arctic class are needed.

According to Alexander Dyukov, the volumes of oil supplies along the NSR in 2024 are the same as those in 2023. The head of the company did not provide exact figures, but added that there is economic efficiency from using the NSR, and tariffs allow for a positive economic effect.

The Northern Sea Route is the shortest sea route from Europe to Asia, running in the waters of the Arctic seas and the southern part of the Arctic Ocean within the exclusive economic zone of Russia in the Arctic. In particular, the journey from the port of Primorsk to China through the Suez Canal takes 45 days, and through the Northern Sea Route 10 days less. The infrastructure operator of the NSR is Rosatom.

Tankers of the seventh ice class (Arc7) can sail in compact first-year Arctic ice with a thickness of up to 1.4 m in the winter-spring season and up to 1.7 m in the summer-autumn season with occasional overcoming of ice bridges by raids. In 2020, the Zvezda shipbuilding company broke ground on the construction of the first LNG tanker of the seventh ice class. The vessel belongs to Sovcomflot. The shipyards built 15 tankers for Artik-LNG of NOVATEK.

Read more about three plans to increase transportation along the NSR in the material “Complicated ice installation”.

Alexandra Goroshilova

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