How great is its potential?
Posted: Sun Feb 16, 2025 4:26 am
What the United States wants to develop is the Northwest Passage, and we can compare it with the Northeast Passage jointly developed by China and Russia.
As early as 2017, China proposed the concept of the "Ice Silk Road" and cooperated with Russia to develop Arctic shipping routes.
According to official Russian statistics. Seven years ago, the shipping volume of the Arctic route was only 6 million tons. By 2021, it reached 35 million tons.
It is estimated that by 2026, the cargo capacity of this route will exceed 100 million tons.
In 2023, one of Russia's largest projects in the Arctic Circle, the Vostok oil project, plans to use the Arctic route to supply the Asian market.
The total investment of the project is 10 trillion ghana telegram data rubles. It plans to build 15 towns, two airports and one port. It is expected to export 1 million barrels of oil to the global market every day by 2027.
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The value of the Northwest Passage is equal to this.
In addition, the Arctic is also known as the last treasure house of mankind.
Currently, one quarter of the world's undiscovered oil, natural gas, mineral and fishery resources are concentrated within the Arctic Circle.
If these resources are taken into account, the Arctic route may challenge the traditional sea routes through the Panama Canal and the Suez Canal in at least 50 years, becoming a new lifeline for world trade.
As early as 2017, China proposed the concept of the "Ice Silk Road" and cooperated with Russia to develop Arctic shipping routes.
According to official Russian statistics. Seven years ago, the shipping volume of the Arctic route was only 6 million tons. By 2021, it reached 35 million tons.
It is estimated that by 2026, the cargo capacity of this route will exceed 100 million tons.
In 2023, one of Russia's largest projects in the Arctic Circle, the Vostok oil project, plans to use the Arctic route to supply the Asian market.
The total investment of the project is 10 trillion ghana telegram data rubles. It plans to build 15 towns, two airports and one port. It is expected to export 1 million barrels of oil to the global market every day by 2027.
…
The value of the Northwest Passage is equal to this.
In addition, the Arctic is also known as the last treasure house of mankind.
Currently, one quarter of the world's undiscovered oil, natural gas, mineral and fishery resources are concentrated within the Arctic Circle.
If these resources are taken into account, the Arctic route may challenge the traditional sea routes through the Panama Canal and the Suez Canal in at least 50 years, becoming a new lifeline for world trade.