❄️Frozen out of a warming Arctic🔥
DEEP DIVE: Is Russia losing its grip on Arctic energy resources?
It is hard to overstate the importance of the Arctic to Russia. Moscow lays claim to the lion’s share of the region’s immense energy and natural resources, and exploiting them is an overarching economic priority for Russia. Thawing permafrost and receding sea ice would seem to make this easier, but new risks abound. Now war in Ukraine is choking off the money and technology Russia needs to extract its Arctic bounty — with far-reaching implications for governance of this coveted territory, and the global balance of power.
This is the first part in a mini-series on Russia’s Arctic energy ambitions in a time of war and rapidly rising temperatures. This instalment, focussing on Siberian LNG exports, is free to read. Part two is here.
Article stats: 2,500 words / 12-minute reading time
The Arctic and Antarctica are the world’s two last great fossil fuel frontiers. Governance — or lack thereof — differentiates them. The Arctic is not protected from drilling by international treaties and alread…