- Rapidly retreating Arctic sea ice will see northern commercial opportunities and geopolitical competition rise significantly over coming years
- Gradual opening of Arctic sea lanes will see increasing re-orientation of shipping and supply chains to cut travel time and costs
- Environmental risks will rise in line with increased commercial opportunities, with Arctic melting set to accelerate rise in global sea levels
The LNG carrier Christophe de Margerie, operated by Russia’s Sovcomflot shipping company, sailed into port at Sabetta on northern Russia’s Yamal Peninsula on 19 February. Its journey began on 27 January when it left port in Jiangsu, China before travelling north through the Bering Strait.
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