World news – The Suez Canal debacle shows the value of the North Sea route, says Russia


The Russian Ministry of Energy said Monday a stranded container ship blocking Egypt’s Suez Canal had highlighted the safety and sustainability of its North Sea Route (NSR) and Russian energy pipelines.

These « are very safe and have a competitive one. » Position in terms of transportation costs as well as reliability compared to alternative routes, « said the ministry.

Russia expects an increase in cargoes via the North Sea Route, a route from the Arctic Ocean to Asia that crosses the Suez Canal 4,000 nautical miles from the southern alternative away.

The volume hit nearly 33 million tons last year, and the Department of Energy expects it to hit 80 million tons a year by 2024.


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