‘Made in China’ shines in co­op­er­a­tive Arc­tic project

Global Times - - Top News - By Liu Xuanzun

Me­dia lauded China and Rus­sia’s deep co­op­er­a­tion on a liq­ue­fied nat­u­ral gas project in the Arc­tic dur­ing the fourth Eastern Eco­nomic Fo­rum in Vladi­vos­tok.

“Made in China” has be­come a new busi­ness card for the Arc­tic as the project has be­come an im­por­tant pivot for the China-pro­posed “Po­lar Silk Road,” Hong Kong-based news­pa­per Takung­pao re­ported on Thurs­day.

About 85 per­cent of the project’s mod­ules were con­structed by Chi­nese com­pa­nies, with seven out of about 30 trans­port ves­sels be­ing built and 14 be­ing man­aged by China.

In­fra­struc­ture con­struc­tion in a high lat­i­tude po­lar re­gion re­quires high tech­nol­ogy and Rus­sia could not have com­pleted the project with­out China’s help, Dong Yue, a re­search fel­low at the po­lar re­search in­sti­tute of the Ocean Univer­sity of China in the Shan­dong Province city of Qing­dao, told the Global Times on Thurs­day.

Launched in De­cem­ber by Rus­sia and China in the Ya­mal penin­sula of north­west Rus­sia, the project is the largest liqui­fied nat­u­ral gas project in the Arc­tic re­gion and pro­duces 5.5 mil­lion tons of gas a year, dubbed in Chi­nese “the en­ergy pearl of the Arc­tic Cir­cle,” the re­port said.

In July, No­vatek de­liv­ered the first liqui­fied nat­u­ral gas to China via the north­ern sea route along­side the Arc­tic coast, which dras­ti­cally cuts de­liv­ery time and con­trib­utes to Rus­sia’s eco­nomic de­vel­op­ment, Reuters re­ported.

The new route does not re­quire an ice­breaker, which is ex­pected to save about $46 mil­lion for the project this year and $200 mil­lion a year by 2023, Takung­pao re­ported.

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