AGP Executive Report
Last update: 8 hours agoWeather Risks: Iceland’s Met Office is tracking an exceptionally deep low expected Wednesday, with severe northerly winds, snow in the north and possible damage or disruption. Arctic Shipping: At the Reykjavik assembly, Busan Port Authority proposed cleaner fuels, shore power and shared ice and weather data as safeguards for Arctic routes—an opportunity for Icelandic ports and maritime services, but one carrying environmental risks. Clean Energy: Iceland and India discussed renewable-energy cooperation during a visit that included the Hellisheidi geothermal plant. Separately, Icelandic firm Dynelectro’s 250-kW electrolyser completed 1,000 hours of operation. Aviation: Icelandair plans to start nonstop St. Louis flights in May 2027 and restore Madrid service, broadening its transatlantic network. Biopharma: Iceland-based Alvotech and South Korea’s LOTTE Biologics agreed to expand US biosimilar manufacturing and supply. Oil Exploration: Iceland’s energy agency sees little prospect of recoverable oil in the Drekasvæði area.
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