Monday, August 04, 2014

Oil shipped along Russia's Arctic coast - to Korea

In the “interesting geography department:”

Korea is taking advantage of increased Arctic shipping. Not above North America - the “Northwest Passage,” which is still frustrating boaters who think it thawing out, but along Russia’s Arctic, that Russia calls the Northern Sea Route. Wikipedia

Seattle Times - You have to read deep into the article to make the distinction above, because the writer never clarifies that they are not talking about the Northwest Passage:

Melting Arctic ice is widening a path for ships to deliver European oil to Asia, stoking South Korea’s ambition to become a regional storage and trading hub.

The country, whose proximity to China, Russia and Japan makes it an ideal conduit for oil arriving via the Arctic, plans to add tanks for storing almost 60 million barrels of crude and refined products by 2020, about the same as Singapore’s current capacity.

The nation also seeks to leverage its energy infrastructure, which includes five refineries, to become Northeast Asia’s oil hub, said Kim Jun-dong, the deputy minister of energy and resources policy.

Global temperatures are rising, breaking up polar ice and opening the Northern Sea Route to tanker traffic for a longer period than from July to October. It’s forecast to be ice-free for six months by 2020, boosting South Korea’s appeal for European cargoes that traders could potentially ship again to other Asian countries.

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