Investment Portal of the Arctic Zone of the Russian Federation

North Sea Route traffic could reach 216 mn tons by 2030

By 2024, the estimated volume of cargo transported along the North Sea Route could reach 90 mn tons per year, and by 2030—about 216 mn tons.

3 March 2023

Gadzhimagomed Huseynov, First Deputy Minister for the Development of the Russian Far East and Arctic, said that such assumptions can be made based on the commitments of shippers and the potential growth of transit and other cargo. This was reported by the Business News Agency.

It is worth noting that six companies will mainly account for the increase in cargo traffic. For example, Rosneft is planning to increase deliveries to 30 mn tons by 2024 and to 100 mn tons by 2030; Novatek—to 33 mn and 64 mn tons respectively; Severnaya Zvezda—to 3.5 mn and 12 mn tons respectively; Gazprom Neft—to 5.6 mn and 3 mn tons respectively; Norilsk Nickel—to 1 mn and 1.1 mn tons respectively; Baimskaya Mining Company—to 1.4 mn tons by 2030.

In addition, it is specified that the amount of transit goods and other cargo will increase to 17 mn tons by 2024 and to 34 mn tons by 2030.


See all


Read more