New Polar Silk Roads Discussed At The Arctic Circle Assembly

New Polar Silk Roads Discussed At The Arctic Circle Assembly

Andrew H. Sweet

The Polar Silk Road refers to Arctic shipping routes connecting three major economic centers – North America, East Asia, and Western Europe – through the Arctic Circle.

As melting sea ice in the Arctic makes it possible for the region to open to navigation, it is creating significantly shortened shipping lanes, such as the Northern Sea Passage.

China and Russia have cooperated effectively on liquefied natural gas (LNG) projects, for which global demand has rapidly increased.

The Yamal LNG project, located on Russia's Yamal Peninsula inside the Arctic Circle, is the first Polar Silk Road cooperation project between the two countries and the largest LNG project in the world.

Read the original story here.

Comments

Sign in or become a tippinsights member to join the conversation.
Just enter your email below to get a log in link.