Infrastructure
Expert: Arctic hydrocarbon deliveries to reach 65 mln metric tons by 2025
© RIA Novosti. Vadim Zhernov

Expert: Arctic hydrocarbon deliveries to reach 65 mln metric tons by 2025

Construction of liquefied natural gas (LNG) production facilities will make it possible to boost the volume of Arctic hydrocarbon deliveries to 65 mln metric tons by 2025, First Deputy Sovcomflot General Director Yevgeny Ambrosov told delegates at the Eastern Economic Forum being held in Vladivostok. He made this statement at the forum's workshop titled The Potential of the Northern Sea Route: From Words to Actions.

"This growth will be facilitated by building new LNG production facilities, including the Arctic LNG plant, due to be built on the Magadan Peninsula, and the Pechora LNG project on the eastern Gulf of Ob shore, Tanalau, the Payakhsky deposits and so on; they will reach design capacity by 2025, and about 65 mln metric tons of hydrocarbons will be transported by that time," Ambrosov told TASS news agency.

Arctic freight traffic volumes are to reach 40 mln metric tons by 2022.

"In 1989, the Soviet Union transported a record-breaking 6.2 mln metric tons of freight via the Northern Sea Route. I'll tell you a secret: Sovcomflot alone has already transported 12 mln metric tons of freight in the Arctic this year. The 1989 freight traffic volumes will triple in two years from now and will reach 40 mln metric tons by 2022," he noted.

Vladivostok is hosting the 3rd Eastern Economic Forum on September 6-7.