Awww!! Sad Vlad!! Northern Sea Route Won't Move Enough Oil And Coal To Meet His Targets

In his political priorities outlined in May 2018, Vladimir Putin demanded that annual shipping on the Northern Sea Route must reach 80 million tons by year 2024. That will not happen.

Rosatom, the nuclear power company that is responsible for development of the Arctic shipping route, has now officially requested the Ministry of Transport to lower ambitions by 25 percent. The new target volume should be 60 million tons, Rosatom argues. According to newspaper RBC, the situation is outlined in a recent letter from Vyacheslav Ruksha, the leader of Rosatom’s Northern Sea Route Directorate.

The reason for the reduced ambitions is the failure to deliver sufficient volumes of oil and coal. Originally, coal from the major fields in the Taymyr Peninsula was to constitute a significant share of the volumes. However, the development of the Taymyr coal has failed to materialize.

Also Rosneft’s huge Vostok Oil project is reported to be behind schedule. According to RBC, the project will in 2024 deliver 9,25 million tons, and not 25 million tons as originally outlined by company leader Igor Sechin. The Vostok Oil includes the building of several hundred kilometers of pipeline and a new seaport on the coast of the Taymyr Peninsula from where oil will be shipped along the NSR to export markets.

EDIT

https://thebarentsobserver.com/en/industry-and-energy/2020/09/putins-grand-target-arctic-shipping-will-not-be-met