In 2019, mayor Yevgeny Vershinin announced plans to develop the locality to act as a hub for travelers on their way to the North Pole, hoping to compete with Longyearbyen, a Norwegian town on the island of Svalbard, for Arctic tourists.

The locality is home to the ZAO Sea Commercial Port of Khatanga which accepts various Arctic cargo shipments.

While the port only operates from June until September, it has five mooring berths capable of admitting vessels with draughts up to 4.6 metres (5.0 yd).

Goods such as refrigerated cargo, timber, and bulk shipments of coal, sand, gravel, and oil are processed at the port.

Winters are bitterly cold, although they are not so extremely frosty as in more southern inner Siberia places, due to light milding influence of the Arctic Ocean.