Impacts of an Ice-Free Northeast Passage on LNG Markets and Geopolitics

Michael Schach () and Reinhard Madlener
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Michael Schach: RWTH Aachen University, Postal: Templergraben 55, 52056 Aachen, Germany, http://www.rwth-aachen.de/

No 4/2017, FCN Working Papers from E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN)

Abstract: We examine the relevance of an ice-free Northeast Passage as a shipping route, especially for LNG-supplying and -consuming countries. Four aspects are considered in-depth: (1) Develop-ments in natural gas production in the Russian Arctic; (2) Trends and strategies of major Asian LNG-consuming countries; (3) Geopolitical significance of the Northeast Passage; (4) Geo-graphical and climatic particularities of the Arctic. The analysis also comprises an assessment of the competitiveness of Russian LNG exports along the Northeast Passage, a discussion of the impacts on LNG transport routes and markets, and an evaluation of the geopolitical impli-cations of this new shipping route. We find that an ice-free NEP is relevant for maritime bulk and particularly LNG shipping, and thus of great geopolitical importance and strategic interest for countries such as Russia, the US, China, Japan, and South Korea.

Keywords: LNG Markets; Geopolitics; Northeast Passage; Arctic; Russia; Asia (search for similar items in EconPapers)
JEL-codes: Q30 Q40 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2017-04
New Economics Papers: this item is included in nep-cis, nep-int, nep-sea and nep-tre
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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