Energy

Greek opposition has halted the European Union’s 21st‑round sanctions against Russia because it would force Dynagas to sell its four Arc7 icebreakers—specialized for Arctic transit—to non‑Western buyers, thereby stripping EU oversight while still permitting Russian LNG exports.

The Alaska House rejected a multibillion‑dollar tax break that Glenfarne LLC said was needed to finance its proposed trans‑Alaska natural gas pipeline, after Governor Mike Dunleavy threatened veto of the bill.

A new policy brief from the North Atlantic Policy Forum evaluates whether Alaska’s critical energy infrastructure in the Arctic is ready to support local communities and meet energy demands.

Ambler Metals’ joint venture of Trilogy and South32 is pushing forward its proposed Arctic open‑pit copper and zinc mine, with permit decisions slated for 2028.

Alaska Senate majority introduced restrictive mandates in the Alaska LNG Project bill—adding penalties, fixed deadlines, and asset forfeiture—that critics say make the venture unbankable, potentially stalling the state’s largest infrastructure initiative.

Nornickel will now process all of its palladium at facilities on Russia’s Kola Peninsula, centralizing operations in the Arctic high‑north and strengthening local supply‑chain capacity.

Greek maritime operator continues moving Russian Arctic gas from the Yamal region on one of just 15 year‑round carriers, most owned by European firms. Athens blocks EU participation in the logistics, keeping control under Greek oversight.

Novatek lifted first‑half gas output by 3% after Chinese purchases from its blacklisted Arctic LNG 2 facility, showing the project continues to drive Russia’s energy exports.

The U.S. Senate passed a new sanctions bill that names Russia's Arctic LNG 1, 2 and 3 projects as targets, while giving President Trump the authority to suspend those measures if he deems it necessary.

A new S‑K 1300 compliant technical study lifted Greenland Mines’ Skaergaard palladium–gold–platinum resource grades by about 80% and increased contained palladium-equivalent metal 31%, ranking the site among the world’s largest undeveloped PGM projects. The higher figures prompted a near‑4% rise in the company’s shares, while the study clears the way for an initial open‑pit assessment.

Arctic Canadian Diamond Company, headquartered in Calgary, operates the Ekati diamond mine. The company is owned by Australian firm Burgundy Diamond Mines.

Interest in Greenland is growing as climate change opens new Arctic trade routes.

U.S. senators cut the proposed tariff on Russian oil from 500% to 100%, targeting the top five buyers—China, India, Slovakia, Hungary and Azerbaijan—and broadened tanker restrictions; the bill also flags Yamal LNG and Arctic LNG projects for potential sanctions while granting President Trump waiver powers.

The new MOU, signed by Nunavut Premier John Main and Manitoba Premier Wab Kinew in Arviat on July 7, will guide joint projects such as the Inuit‑led Kivalliq Hydro Fibre Link and Port of Churchill Plus, reinforcing shared priorities from Arctic security to Indigenous arts.

Fuel delivery scheduled for early July to a Yakutia gas station was delayed, leaving customers waiting in line.

Janet Weiss argues that Alaska LNG’s tax reform bill must provide a stable, competitive framework or the project risks losing investment, revenue and jobs, forcing Alaskans to depend on costly imported LNG.

Mining companies paid more than $462 million in royalties and fees to Inuit organizations in Nunavut from 2021‑25, with Agnico Eagle contributing roughly $400 million—over 80% of total—underscoring mining’s major economic role for the territory.

Russia has announced a new platinum‑and‑palladium mining complex set in an Arctic permafrost zone that will handle up to 9 million tonnes of ore annually when it opens by the end of 2026, expanding the country’s mineral production footprint.

Mining royalties totaled more than $462 million for Inuit organizations between 2021‑25, with Agnico Eagle Mines alone contributing about $400 million—over 80% of the total—and the sector accounted for nearly half of Nunavut’s GDP in 2025.

EU imports from Russia’s Yamal LNG plant hit record levels, underscoring the European Union's ongoing reliance on Russian gas supplied by Novatek‑operated facility in the western Arctic.