Northern Sea Route Set to Transform Global Trade by 2030
NATURAL GAS
The Northern Sea Route is projected to become a year-round navigable passage between Europe and Asia by 2030, driven by Arctic ice melt and the development of key ports like Murmansk and Sabetta. These ports are enhancing their capacities to accommodate larger vessels and increase cargo volumes, presenting a shorter alternative to the Suez Canal for Russian shipping companies. However, concerns over geopolitical tensions and the potential impact on the fragile Arctic ecosystem remain prominent.

Feb 1, 2026, 3:58 PM