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Russian megaport in the making
Shipping News
Wednesday, 08 August 2012 12:44

Arctic shipping (Photo: GettyImages)Arctic shipping (Photo: GettyImages)A new port in the Yamal Peninsula will be on of the biggest Arctic ports when ready. Russia is building the Sabetta port and are hopeful it will boost Arctic shiping, especially in the Northern Sea Route.

The new port, a joint initiative of the Novatek company and Russian federal authorities, will be a key component in the development of the gas-rich Yamal Penisula. Linked with the South Tambey field and a major projected LNG plant, the port will be built to handle more than 30 million tons of goods per year.

The new port is planned to be operational all-year-round, despite the highly complex ice conditions of the Ob Bay.

In a first phase, the port will by summer 2014 be developed to handle the deliveries of modules to the LNG plant. In the second phase, the port will be developed as a terminal handing LNG tankers, Novatek informs.

The construction of the port was officially marked in a ceremony attended by Novatek Board Chairman Leonid Mikhelson, Russian Minister of Transport Maksim Sokolov and other prominent guests. In his speech, Minister Sokolov maintained that the construction of the Sabetta port marks the start of a new period in Russian Arctic shipping, one which “by year 2030 could lead to the boost of hydrocarbon shipments to 50 million tons per year from the Ob Bay alone”, a press release from the ministry reads.


Barents Observer


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Arctic Shipping



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New research project in the Barents region
Other News
Tuesday, 07 August 2012 11:18


 The Barents International Political Economy (BIPE) researcher network has received funding to start a two-year joint research project in the Barents region. The aim of the new project is to study the role of states in advancing sustainable development focusing on local communities perspectives in different parts of the Barents region.

The Nordic Council of Ministers’ Arctic cooperation program funds the project.

The new research project strengthens the Nordic and Russian research collaboration and networking concucted since 2010. The researcher network and new project is led by research professor Monica Tennberg from the Arctic Centre (University of Lapland) and the partners in the new project are Barents Institute (Norway), Kola Science Centre and Syktyvkar State University (Russia) and Umeå University (Sweden).

The researcher network coordinated by Tennberg convenes in Rovaniemi, 29–30 August, 2012, in Arktikum, to discuss recent social, political and economic developments in the Barents Region. The presentations include topics such as natural resource extraction and local communities, adaptation to climate change, regional energy politics and social development in the region.

The book produced by the researcher network “Politics of Development in the Barents Region” will be published later during this fall by Lapland University Press.

Hidden tropics – Antarctica reviles ancient rainforest
2012 Climate
Written by Magdalena Tomasik   
Friday, 03 August 2012 11:39

(Photo: Getty Images) Antarctica Recent study, published this week in the Australian scientific review Nature, proved that Antarctica used to be covered by rainforest. The flora once flourished on the southern continent some 52 million years ago.


Scientists, studying sediment cores and conducting drilling operations of the seabed area off Antarctica discovered fossilized pollen that could only have come from a tropical forest that could cover the land masses in the Eocene period dated for 36 – 56 million years ago.


The study shows that Antarctica, today image of ice and very cold climate, millions years ago was very warm, with no glaciers or icebergs at all.


During this warm period, the carbon dioxide levels could reach up to couple of thousands part per million in Antarctic region. Today, those levels are estimated to be about 395 ppm on the continent.


Today, Antarctica is the southernmost, coldest, driest and windiest continent in the world with the temperatures reaching -90 °C. There is no permanent human habitation and only cold – adapted organisms can survive its harsh climate conditions.


The latest predictions say that with the global climate change, carbon dioxide levels last seen during the Eocene period could be reached again in only few hundred years. That means that palm trees could grow in Antarctica in not so far future.


Final order in Kolskaya case
Energy News
Written by Magdalena Tomasik   
Thursday, 02 August 2012 14:54

(Photo: Getty Images)

Yesterday the High Court of Murmansk declared the 24 missing Kolskaya workers, dead.


On the 18th of December 2011, newspapers from all over the world announced 53 victims after an oil rig overturned in the Sea of Okhotsk in the Russian Far East. National and international search and rescue services were called the same night to conduct one of the most difficult rescue actions in the world´s history.


Yesterday, 1st of August 2012, a bit more than half a year after the tragedy occurred, the court of Murmansk declared last crew members whose bodies have never been found, dead.


The decision was valuable for families of the missing ones, who will now receive the compensation from AMNGR Company.


In March 2012, the director of AMNGR was fired, after the investigation proved that several mistakes were made during the towing operation. According to the reports, AMNGR failed to evacuate ´non – essential´ member of the rig before towing. What is more, it was found out that the distress signal was sent out far too late for the rescue ice – breaker to come in time.


The Kolskaya tragedy was without a doubt, the largest accident in the Russian history of oil and gas sector.




AMNGR Press Centre



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{mosmap address='Sea of Okhotsk'|zoom='2'|}

Finnish economy going strong
2012 Other
Written by Magdalena Tomasik   
Wednesday, 01 August 2012 14:43

(Photo: Getty Images)(Photo: Getty Images)Most recent reports from the Fininish Ministry of Finance show, that Finland stands miles away from the European crisis.


In past few decades, the country´s mixed economy has been mostly dominated by services, including tourism and science. Manufacturing and refining seem to be competitive and covers close to 30% of all national income. The recent reports pointed that in the light of crisis, Finnish revenue is still bigger than its debt.


According to the Moody´s Corporation, Finland which is the land of reindeers and beautiful landscapes is currently the only country left with undoubted, stable and strong economy.


Finland, being a member of European Union with the area reaching almost 350.000 sq km but where the population does not exceed 5.500.000. In 2011 the country managed $49,349 GDP per capita, what placed it on the 3rd position among other highly industrialized countries.


Moody´s Corporation calculated that Finnish government will collect taxes and other revenues of €105bn this year, compared with €101bn of government debt what leaves the country on plus at the end of the year.


Moody´s is an international company to provide with credit ratings, research, tools and analysis that greatly contribute transparent and integrated financial markets.






Moody´s Corporation


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