Energy

A leaked AGDC‑Glenfarne draft agreement reveals that if the Alaska LNG pipeline fails, the state could owe a multi‑billion‑dollar clawback fee, while Governor Dunleavy seeks large property‑tax cuts to keep the project viable amid uncertain cost estimates.

The European Union imported a record 9.89 million metric tons of LNG from Russia’s Yamal plant during the first half of 2026—an 18 % jump over the same period in 2025—despite plans to phase out Russian gas by year‑end, while Asian shipments fell sharply.

Utility GVEA has proposed a turbine at the North Pole, arguing it would boost power‑grid reliability, but environmental advocates cite clean‑air concerns and urge alternative solutions.

An expedition mapping deep‑sea ecosystems found that Norway’s proposed mining plans could jeopardise fragile marine life.

In a briefing by Arctida and allies, evidence shows Russia has shifted independent Indigenous voices to Kremlin‑aligned bodies while intensifying repression—arresting activists like Daria Egereva on terrorism charges after FSB raids. Weak consultation on projects such as Yamal LNG and Vostok Oil also jeopardizes reindeer herding, fishing and hunting for Arctic communities.

Arctic mining is gaining strategic attention; however, success will depend on more than just geological prospects.

Yellowknife residents are displaced by Fort Simpson fires while the Northwest Territories endure floods and heat warnings amid Prime Minister Mark Carney's new submarine, pipeline, port and road investments.

Russia is using its Northern Sea Route to boost energy exports into Asia, shifting its strategic role in the region.

Norway is asking the European Union to remove its moratorium on new oil and gas drilling in the Arctic, a move that could unlock additional exploration projects across the region.

A new methodology offers transparent energy modeling for Arctic bidding zones lacking data, highlighting significant wind resource potential that could shape future electricity markets.

Kenneth Griffin bought a 9 % stake in Greenland Energy, the Texas firm eyeing two wells in East Greenland’s Jameson Land basin. The move links the Arctic oil venture to former President Donald Trump’s political network, prompting scrutiny over environmental and policy implications.

Melting sea ice and other stressors are driving a catastrophic mortality event that has cut the Pacific gray whale population from about 20,000 in 2019 to fewer than 13,000 today. With an estimated 2,500‑8,000 deaths this year, environmental groups urge NOAA to relist the species under the Endangered Species Act while the Trump administration threatens to ignore the request.

The International Energy Agency’s chief called on the European Union to lift its moratorium on drilling in the Arctic, suggesting a shift in policy that could affect future investment and energy supply in the region.

A lone caribou was seen near the Hulahula River in ANWR in 2019.

Yamal LNG, Russia’s largest LNG export hub, produced over 21 million tonnes of liquefied natural gas in 2024 and earned $8.4 billion from European buyers in 2025, yet its full life‑cycle emissions are estimated at more than 50 million tonnes CO₂‑equivalent per year—far above the figures disclosed in corporate reports.

On 10 June, Greenland Energy’s spokesman Robert Price told residents of Ittoqqortoormiit that the Texas firm had permits for equipment placement and was preparing to drill two wells in Jameson Land, but Greenland’s mineral‑resources ministry said no active exploration permissions exist and the company’s proposals are pending approval.

The U.S. Department of Justice settled lawsuits filed by Alaska and the Alaska Industrial Development and Export Authority that challenged the 2024 oil‑and‑gas leasing program in the Arctic National Wildlife Refuge, clearing the federal government's authority over the area.

Senator Bill Wielechowski says the Glenfarne natural‑gas pipeline earns about $5 billion a year while paying no corporate income tax, and that SB 180’s added provisions—such as hard deadlines and a $5 price cap—would undermine financing even though the project already holds all permits.