Warmer Arctic waters could turn the tides in LNG markets
Russia begins to ship gas through the Arctic all the year round
EXPLORERS TRIED for centuries to find a viable route through the Arctic to link Europe and Asia. ss Vega was the first to transit the north-east passage connecting the two, in 1879, but it was only in 1932 that a ship—the icebreaker A. Sibiryakov—made the trip in one go, without having to stop for the winter. What little commercial shipping there was along the route all but vanished after the fall of the Soviet Union.
This article appeared in the Finance & economics section of the print edition under the headline “The polar silk road”
Finance & economics March 13th 2021
- The world’s consumers are sitting on piles of cash. Will they spend it?
- Oil markets prepare for lofty prices and restrained supply
- How America’s blockbuster stimulus affects the dollar
- China’s budget forecast is more informative than its growth target
- The many guises of vaccine nationalism
- Warmer Arctic waters could turn the tides in LNG markets
- China’s government is cracking down on fintech. What does it want?
- The perils of asking central banks to do too much
From the March 13th 2021 edition
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