Monthly Highlights from the Russian Arctic, October 2024
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.
News
The fate of the Russian Barents Sea oil pipeline
Publish date: February 14, 2006
Shortcuts on this page
News
The fate of the Russian Barents Sea oil pipeline
Russian oil pipeline monopoly Transneft states that a technical and economic feasibility study on the construction of an oil pipeline to the Barents Sea coast and a terminal in the settlement of Indiga will be presented by the end of the year.
Preliminary studies do however show that the amount of oil available for the project could be too little, BarentsObserver reported. The last years’ build-up of oil export infrastructure in the Russian North could have made the construction of the pipeline and terminal project superfluous. Transneft seriously started to study the project in spring 2004, when experts found a suited site for the export terminal.
One year ago deputy head of the company, Sergey Grigoriev, said that his company could construct the pipeline from Kharyaga to Indiga, as well as the terminal, within 2 years. According to him, construction costs would amount to 2.1 billion dollars. Transneft has made significant changes in the project since then. Projected capacity of the pipeline is now decreased from 24 million tons per year to 12 million tons. The estimated price for the construction is also significantly increased. The expected cost of the project is 3.5 billion dollars.
More News
All news
Bellona Nuclear Digest. October 2024
A survey of events in the field of nuclear and radiation safety relating to Russia and Ukraine.
Putin leaves Kazakhstan without deal to build nuclear plant
A visit last week by Vladimir Putin and a Kremlin entourage to Astana, Kazakhstan sought in part to put Rosatom, Russia’s state nuclear corporation, on good footing with local officials.
Moscow snips last ties to cooperative nuclear cleanup agreement with West
Russia is formally withdrawing from a landmark environmental agreement that channeled billions in international funding to secure the Soviet nuclear legacy, leaving undone some of the most radioactively dangerous projects and burning one more bridge of potential cooperation with the West.