00:00 On Thursday, the Russian President Vladimir Putin inaugurated, for support of the Arctic
00:05 LN-Yutun Novotek, a large liquefied natural gas project in Murmansk.
00:12 Novotek is one of Russia's key projects in its efforts to open a northern sea road linking
00:19 Asia and Europe, made possible by global warming and subsequent melting of glaciers.
00:27 The project, which has an estimated cost of 21 billion dollars, aims to reach a production
00:33 capacity of 19.8 million tons of liquefied natural gas per year through three production
00:39 lines.
00:40 Novotek controls 60 percent of the project and its partners are China's CNPC and CNOOC,
00:49 as well as Japan's Arctic LN-Yu.
00:51 [BLANK_AUDIO]
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