Russia’s energy ministry said that the blocked Suez Canal highlights the safety and sustainability of the Northern Sea Route (NSR) and Russian energy pipelines.
According to Reuters, the Russian ministry said that these “are highly secure and hold competitive positions in terms of transportation costs as well as by reliability in comparison to alternative routes”.
Now, Russia expects cargoes to increase through the Northern Sea Route, which reaches Asia, cutting about 4,000 nautical miles off the southern alternative via the Suez Canal.
What is more, volumes reached almost 33 million tonnes during 2020, with the energy ministry expecting that amount to reach 80 million per year by 2024.
Finally, its pipelines to Europe include the Druzhba oil pipeline and the Nord Stream gas link.
Following EVERGREEN statement on March 29, that Ever Given was successfully refloated within the Suez Canal at approximately 15:00 local time, the vessel will now head to the Great Bitter Lake in Egypt for a full inspection.
