Melting ice pulls up Tradeby | 29-08-2013 15:00 |
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After Collecting a lot of data from all places here it is what is happening today. The town of Kirkenes in northernmost Norway used to be further away from Asia than virtually any other European port, but it suddenly seems a lot closer. Is it because of Global Warming?
The port's location is extremely strategic. It is nine days' travel from both the Pacific and the Mediterranean, and close to major oil and gas deposits in the Arctic, as well as mines in northern Sweden and Finland. Twenty six of the ships that traversed the Arctic Ocean between Europe and Asia last year were carrying hydrocarbons, while six were transporting iron ore or coal. The new route also opens up an interesting market for liquefied natural gas (LNG) extracted in the Barents Sea, especially after North America, the customer that local companies initially had in mind, has turned away following a decision to use its own shale gas. On the other hand, Asia's appetite for gas has increased after the Fukushima nuclear disaster in Japan in 2011, and prices there are significantly higher than in Europe. Traditional goods traffic, however, is not realistic in these latitudes. |