Friday, 04 October 2019 11:10

Volumes on Northern Sea Route up 40%

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Goods volumes are expected to reach 29 million tons in course of 2019, says leader of Russia’s Northern Sea Route (NSR) Administration. The lion’s share of NSR ship traffic is related to the liquified natural gas produced by Novatek. The company’s Yamal LNG is expected to produce more than 16 million tons in 2019. The number of ships operating on the Northern Sea Route remains low with a total of 743 vessels requested sailing permission year to date. Only a limited number of these vessels carry goods, the official NSR list of vessels shows that almost half are tugs and support and service vessels, most of which are involved in oil and gas-related activities.

 

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