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Japan and China shippers open Arctic LNG transport route

Mitsui O.S.K.-Cosco partnership to help meet Asian demand

Shipping liquefied natural gas from Russia through the Arctic to Asia cuts travel time by more than half.   © Reuters

TOKYO -- Chinese and Japanese marine transport companies are partnering to open an Arctic Ocean route to ship liquefied natural gas to Asian markets, a move that promises to cut transport time by more than half.

The tie-up between Japan's Mitsui O.S.K. Lines and China Cosco Shipping is partly aimed at diversifying risk, as sailing the icy route comes with many unknowns.

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