China and Russia look to collaborate on Arctic offshore projects

China and Russia look to collaborate on Arctic offshore projects

Russia’s energy giant Rosneft is in talks with Chinese companies to allow them to take part in its offshore Arctic projects, Russian Deputy Energy Minister Anatoly Yanovsky said on Monday according to Reuters.

Rosneft suspended drilling in Arctic Kara Sea in 2014 after ExxonMobil withdrew from the project due to Western sanctions against Russia.

China’s state-run shipping giant Cosco Group is also considering routine navigation through Arctic waters as a short cut linking China and Europe.  The company’s Yong Sheng vessel completed its second round trip Arctic voyage between China and Europe in October.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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