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...The ship transfers are crucial for Russia as it attempts to make best use of its Arctic fleet....
...“The long-term projections for tourism numbers in Europe suggest that projected supply levels [in the region] will be inadequate to satisfy this demand,” he added....
...“The 2021-2023 inflation surge across advanced economies was different because it mainly reflected adverse supply shocks, rather than strong aggregate demand,” said Saunders....
...Novatek had previously signed supply contracts with Zhejiang Energy Gas Group and Shenergy Group of China....
...China is interested in its raw materials, the US has an air base in the far north and Russia is increasingly using the Arctic as a shipping route....
...Now traders are actively debating whether the additional supply will come sooner....
...But Energy Aspects, a consultancy, said it was removing the expected Arctic LNG 2 output from its modelling of supply and demand for next year, saying the sanctions would tighten the market....
...The news in US energy this week: there is a shouting match over Arctic drilling and Saudi oil supply cuts are raising hackles in the White House....
...Nonetheless, Russian LNG imports to the EU rose by 38 per cent between 2021 and 2023, replacing about 10 per cent of the lost Siberian supply with gas from the Arctic....
...Inside the ‘Covid Triangle’: a catastrophe years in the making Power and borders: US launches air strikes against Iran-linked militias in Syria IB DP Global interactions: Denmark raises investment in Arctic...
...Despite sanctions preventing use of specialised technology, Russia has started up its Arctic 2 project, which was itself sanctioned late last year....
...Cheap and plentiful hydroelectric power has enticed energy-intensive data centres and bitcoin miners to the Arctic territory....
...A version of this article was first published by Nikkei Asia on April 4 2024. ©2024 Nikkei Inc. All rights reserved....
...The circumstances surrounding the deaths of more than 100 Palestinians in northern Gaza yesterday remain unclear after attempts to deliver supplies descended into chaos....
...Homeowners who have locked in on low mortgage rates are reluctant to sell, limiting the supply of houses for sale....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...The shorthand equation is PY = MV, or: Price level * Real output = Money supply * Velocity of money This is the same as: Nominal output = Money supply * Velocity of money So, yes, velocity of money —...
...“I now live above the Arctic Circle,” the jailed Russian opposition leader said in a message on social media. Read the full story. 3....
...Tim Cook, Apple’s chief executive, is visiting Vietnam this week as the iPhone maker plans to increase its supply chain there....
...The state-owned Global Times, best known for its nationalist bashing of the US, reported the increased investment pledge and quoted Cook as saying: “There’s no supply chain in the world that’s more critical...
...Following a wet start to winter, snow conditions in Europe at higher elevations have been more favourable in the past week after an Arctic blast brought fresh snow....
...Norway believes it has exclusive mining rights off the Arctic islands, a position disputed by Russia, the EU and UK....
...Tensions between the US and China and new laws such as the US Inflation Reduction Act have wide-reaching implications for supply chains and investment....
...Tesla blames supply problems, pointing to conflict in the Middle East and an arson attack at its Berlin factory. But a gap between production and delivery numbers suggests issues with demand....
...Even at smaller scales the electricity supply from SMRs is still expected to be much pricier than solar, wind, and, in some cases, even coal....
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