Russia is going to facilitate Arctic developments with tax incentives, construction of Arctic fleet including 110-MWt nuclear powered icebreaker and creation of the Far North transport infrastructure. There is no slack from Russia’s rivals in warmer countries – by the time Russian projects are launched, LNG from Qatar and Australia may occupy the lion’s share of the market leaving Russia to solve the pipeline transit problems.
2013 September 16
Cold calculation
Russia is going to facilitate Arctic developments with tax incentives, construction of Arctic fleet including 110-MWt nuclear powered icebreaker and creation of the Far North transport infrastructure. There is no slack from Russia’s rivals in warmer countries – by the time Russian projects are launched, LNG from Qatar and Australia may occupy the lion’s share of the market leaving Russia to solve the pipeline transit problems.