Arctic Weekly Newsletter


🔹 Underground Carbon Storage Helps Combat Climate Change. The issue of global climate change and its consequences for the Arctic is drawing increasing attention from the world community. One of the solutions to this problem could be the creation of underground CO2 storage facilities. In 2023, Russia established a legislative and methodological framework for CO2 storage. The first projects for underground storage facilities may be approved in the next year or two:

🔹 U.S. Pauses New LNG Export Projects. U.S. President paused approvals for pending and future applications to export liquefied natural gas (LNG) from new projects. The Biden administration has said it is suspending permits for projects that were not scheduled to start up until three to four years from now. However, this move can open up new opportunities for countries competing with the U.S. in the LNG export market:

🔹 Underwater Tankers For Arctic Oil and Gas Transportation. Shipping in the Arctic is growing rapidly. In this regard, scientists and experts expect new modes of transport and logistics solutions to emerge in the Arctic. For example, underwater tankers and dry-cargo vessels. It is expected that they will ensure the movement of cargo regardless of ice conditions:

🔹 Latin American Arctic Priorities Are Visible Now. The Brazilian TV channel COM Brazil premiered the documentary film TV BRICS "The Golden Coast of the Arctic" about the development of the mining industry in Russia. So far, Brazil itself pays more attention to the Arctic region. The country has a broad experience in ocean science and technology, specifically gained from the Antarctic research: