Construction of the second submarine in the new “Graney” class of nuclear powered attack submarines will probably start at Sevmash on July 24.

Russian energy major Gazprom will postpone the launch of the Bovanenkovo field in Yamal until 2012, a high-ranking company representative confirmed today.

Gazprom’s exports to the EU in the first quarter of the year dropped 35,3 percent. Meanwhile, StatoilHydro boosts its export and is now almost as big as the Russian producer in the European market.

The Russian Federal Customs Service is preparing a draft decree for the Russian government that will shift the transport of containers 20 feet or larger arriving in Russia to sea or rail modes.

An increasing amount of liquefied natural gas being imported into the United States and new shale deposits resulting in cheap natural gas supplies have reduced the need to develop gas in the Arctic, potentially pushing back the need to use Arctic gas by 15 years, according to pipeline executive Steve Letwin.

Deputy leader in the Russian General Staff Anatoly Nogovitsyn says the proposed new European Security Treaty should include also the North Atlantic and the Arctic.

Arkhangelsk Pulp and Paper mill is one of 38 Russian companies waiting for the authorities' approval to sell carbon credits that would reduce carbon dioxide emissions with 1 million tons a year.

The Sami Parliament demands that all companies engaging in mining activities in northern Norway pay a special fee compensating regional Sami communities. The Norwegian government wants it otherwise.

A new highway to the Russian border is to facilitate more trade and travelling between Norway and Russia. The highway is to be constructed by year 2014.

According to a recent study of caribou populations the animal’s numbers have decreased worldwide by a whopping 60 percent in the past three decades. Scientists are calling it a “dramatic revelation”.