ARCTIC GAS
How Western sanctions are strangling Vladimir Putin’s Arctic gas ambitions
Russia has long sought to increase its share of the global LNG market, but the war and the subsequent sharp drop in overland exports to Europe have reinforced the importance of these ambitions. Moscow wants to expand LNG output three-fold by 2030, adding at least $35 billion in annual revenue.
A $43 billion fund with its high-stakes bets is gambling with Europe’s climate goal
The European Union's Innovation Fund, a 40 billion euros ($43 billion) investment initiative, has experiened early setbacks. These challenges raise concerns about achieving the EU's 2040 climate targets. Despite setbacks, the fund continues to allocate funding to innovative clean technologies, prioritizing investments with potential despite inherent risks.
Russia's isolation takes toll on Arctic climate science
Glaciologist Andrew Hodson laments the disruption in Arctic research collaboration due to severed ties with Russian scientists post-Ukraine war. The rift, exacerbated by Putin's policies, hampers critical climate studies in a region warming rapidly. Data drought from Russia impacts permafrost and wildfire insights, escalating uncertainties in climate projections. The Arctic Council faces division, suspending projects and delaying reports. Russian researchers fear cooperation due to espionage accusations, worsening a previous brain drain.
China's attempts to harness resources from Russian Far-East & Arctic face hurdles & reservations
Construction of one of Russia’s key natural gas projects in Siberia to supply gas to China is likely to be slower than expected, they said, adding that discussions between the two sides over the construction of the Power of Siberia 2 natural gas pipeline have progressed slowly.
Alaska sues Biden administration over canceled Arctic oil and gas leases
The Alaska Industrial Development and Export Authority has filed a lawsuit against the Biden administration over its decision to cancel oil and gas leases in Alaska's North Slope. The agency is asking the court to restore the leases, arguing that the decision violates a Congressional mandate in a 2017 tax bill.
Russia to train Indian seafarers for polar and arctic waters
Discussions on India-Russia maritime cooperation gained momentum when ports, shipping and waterways minister Sarbananda Sonowal met Russian minister for development of the Far East and Arctic A O Chekunkov in Vladivostok on Wednesday.
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India, Russia agree to train Indian seafarers in polar and arctic waters
Discussions on the maritime cooperation took place between visiting Union Ports, Shipping and Waters Minister Sarbananda Sonowal and Minister of the Russian Federation for the Development of the Far East and the Arctic A O Chekunkov here, according to an official statement.
Russia's Putin approves tax breaks for ammonia, hydrogen production in Arctic
Russian President Vladimir Putin approved on Monday nullifying mineral extraction tax for natural gas used in the production of ammonia and hydrogen in the Arctic, according to amendments to the tax code published on government's web site.
Northern Lights in UK: When and how can you watch the auroras that will shine in UK’s skyline tonight?
The Northern Lights, or aurora borealis, are a stunning natural light show in the sky, mainly visible in high-latitude areas near the Arctic and Antarctic. The display of light happens when charged particles from the sun collide with the Earth's atmosphere.
Japan excludes three Russian energy projects from sanctions
Japan has excluded from sanctions three Russian energy projects in which Japanese companies are actively participating, according to an announcement posted to the website of the country’s Economy Ministry. According to the announcement, the exemption will cover projects deemed critical to Japan's energy security.
Arctic may not have any sea ice in the summers by 2030s, reveals study
The study is published in peer-reviewed British journal Nature Communications and it was conducted by adjusting the models and scaling them based on the data collected across the year.
Russia's Indo-Pacific outreach from Japan to India
Russia has been keen on a bigger presence by India in the resource-rich Far East where Beijing is even making territorial claims. Moscow and New Delhi are also discussing the possibility of launching a trans-Arctic container shipping line and processing facilities along the Northern Sea Route (NSR), according to the Russian minister for the development of the Far East and Arctic, Aleksey Chekunkov.
Ozone layer of Earth is set to be almost healed by 2040, says report
Earth’s ozone layer is on course to be fully recovered within decades, according to a UN report.
Oil prices fall on worries about China COVID surge, global recession
Oil refiners in the U.S. on Tuesday were working to resume operations at a dozen facilities knocked offline by freeze weather across much of the country, a recovery that in some cases will stretch into January.
India taps oil, natural gas, coking coal in Russian Arctic region
Delhi and Moscow plan to focus on harnessing huge natural resources in the Arctic region including in the field of oil, natural gas and coking coal, ET gathers.
India invited to participate in Arctic segment of Eastern Economic Forum in Vladivostok
INSTC itself matters a great deal to India because it provides an alternative to China’s BRI.
Russia taking over ownership stakes in Arctic oil field
Russia announced further moves Tuesday to take over foreign ownership stakes in energy projects, saying it would acquire the stock in an Arctic oil field now held by French and Norwegian companies.
Huge oil deposit in Russian Arctic could open new opportunities for India
India is keen on utilizing the commercial benefits of a shorter maritime route via the Northern Sea Route and feed its economy with the Arctic oil and gas as it seeks to diversify its supply routes.
China and India may be buying more Russian oil than known, says US
The price of West Texas Intermediate crude has fallen to just over $105 from more than $122 earlier this month -- raising hopes that pressures may ease at the gas pump.
Putin says Russia can redirect energy exports away from the West
Putin also said that "unfriendly countries" had destroyed supply chains in Russia's Arctic regions and some nations were not fulfilling their contractual obligations.
NATO says cannot allow 'security vacuum' in Arctic
"We cannot afford a security vacuum in the High North. It could fuel Russian ambitions, expose NATO and risk miscalculation and misunderstandings," NATO Secretary-General Jens Stoltenberg said.
Last year was the world's sixth-warmest on record: US scientists
The data compiled by the US National Oceanic and Atmospheric Administration (NOAA) and Nasa also revealed that the last eight years were the eight hottest and the last decade was the warmest since record-keeping began in 1880, officials said.
Russia’s latest nuclear powered icebreaker to boost India’s Arctic plans via Northern Sea Route
During the 21st edition of the India-Russia summit held on December 6, the Indian Side also expressed its interest in collaborating with Russia on the Northern Sea Route. The Indian Side congratulated the Russian Side for its ongoing successful chairmanship of the Arctic Council from 2021-23 and expressed its readiness to play an active role as an Observer in the Arctic Council.
India should play the great game for Artic oil & gas
In the inhospitable wastelands of the Siberian Arctic, whipped by blizzards and wrapped in polar night for six months in a year, a great game is playing out.
OVL in talks to buy stake in Russia's Vostok, Arctic LNG-2 project
Russian Energy Minister Nikolay Shulginov said almost all major companies -- including Rosneft, Gazprom Neft, and Novatek -- were interested in developing new projects with Indian oil and gas companies.
Arctic has warmed three times faster than Earth since 1971: Report
The Arctic warmed three times faster than the planet as a whole between 1971 and 2019, a higher rate than previously thought, a scientific report warned Thursday. Each fraction of a degree makes a big difference: the chances of the ice disappearing entirely in summer- before freezing again in winter- are 10 times greater if Earth's temperature rises by 2 degrees Celsius than if it rises by 1.5°C.
Russia asserts presence in Arctic with northern military base
The growing accessibility of natural resources and navigation routes in this rapidly thawing region has attracted global competition, and Moscow's interests clash with those of several other countries, including the United States.
Russia's northernmost base projects its power across Arctic
Now, Russia's northernmost military base is bristling with missiles and radar and its extended runway can handle all types of aircraft, including nuclear-capable strategic bombers, projecting Moscow's power and influence across the Arctic amid intensifying international competition for the region's vast resources.
Russia warns West against Arctic encroachment ahead of talks
The Arctic in recent years has become the site of geopolitical competition between the countries that form the Arctic Council (Russia, the United States, Canada, Norway, Denmark, Sweden, Finland and Iceland) as global warming makes the region more accessible.
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