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    Times of India: Melting ice pulls Norway closer to Asia

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Summary

New trade route opens up an interesting market for liquefied natural gas (LNG) extracted in the Barents Sea as global warming melts ice in the Northern Sea route along Russia's Arctic coastline.

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Press Notes

Times of India: Melting ice pulls Norway closer to Asia

The town of Kirkenes in northernmost Norway used to be further away from Asia than virtually any other European port, but it suddenly seems a lot closer. The reason: Global warming.

Melting ice has opened up the Northern Sea route along Russia's Arctic coastline, changing international trade patterns in profound ways — even if so far it looks more like a sleepy county road than a busy, four-lane highway.

In a change of potentially revolutionary significance, travel time between the Japanese port of Yokohama and Hamburg in Germany has been cut by 40 per cent, while fuel expenditure is down by 20 per cent.

"For the first time in history, we are witnessing a new ocean opening up in the high north which will have a major impact on both trade and provision of energy," said Sturla Henriksen, the president of the Norwegian Shipowners' Association.  MORE