Energy

Russia has launched the new tanker Konstantin Posyet, designed to ferry natural gas across the Arctic Ocean to global markets.

An ADN opinion piece argues that HB 381 would give a Lower‑48 developer a $1 billion annual property tax break for a North Slope gas line, jeopardizing public revenue and community leverage over Alaska’s resources.

A clandestine fleet of tankers is shuttling liquefied natural gas from Novatek’s Arctic LNG 2 project via the Northern Sea Route, with a significant portion now sold to Chinese buyers.

Russia’s LNG shipments to Europe rose 8.6% in early 2026 despite EU sanctions, while shadow‑fleet tankers using fake insurance and GPS jamming raise safety concerns along the Northern Sea Route.

The Senate coalition majority failed to gather the 11 votes needed to advance a House‑approved bill that would shift the tax base on the proposed trans‑Alaska natural gas pipeline from a property tax to a gas tax, potentially cutting state revenue by $16 billion through 2062. With a final vote slated for Thursday and a Friday deadline, lawmakers face a decision that could either unlock billions in funding for the 807‑mile Arctic pipeline or keep the project stalled.

Bill Walker’s proposal to switch Alaska’s oil tax to a 13% gross‑value rate could add $1 billion in annual revenue, sparking debate among gubernatorial candidates and the Legislature over how best to fund state services while balancing industry investment.

Three proposed lease sales for oil drilling in Alaska’s Arctic National Wildlife Refuge were rejected, leaving the industry without a permit and Congress still tasked with repealing the refuge’s protection mandate.

Sofi Filtration has joined the EU‑funded MINERVA project, a circular‑economy initiative aimed at making Arctic mining cleaner.

A new testing platform built by Russian scientists replicates Arctic sea‑ice and temperature conditions to evaluate LNG transport safety. The system aims to support Russia’s growing ice‑class fleet on the Northern Sea Route, potentially reducing accident risk for future Arctic shipping.

Major oil companies are avoiding drilling in Alaska's Arctic National Wildlife Refuge, despite its large oil reserves, underscoring regulatory and market pressures that influence Arctic energy development.

Britain imposed its first G‑7 sanction on vessels tied to Russia’s Arctic LNG 2, targeting more than 600 shadow fleet and LNG ships as part of a broader effort to curb Moscow’s oil‑gas revenues and military tech acquisitions.

Major oil firms are steering clear of leasing rights in Alaska’s Arctic National Wildlife Refuge because of reputational damage risks, possible lawsuits, and high greenfield construction costs. The move underscores how environmental concerns and legal uncertainty can deter Arctic energy development.

President Donald Trump said the U.S. could soon re‑impose sanctions on Russian oil, a move that would complement new U.K. and EU measures that target Russia’s shadow‑fleet vessels, including those linked to the Arctic LNG 2 project. The shift could tighten pressure on Russian oil exports and disrupt Arctic shipping routes.

Scientists at Saint Petersburg Mining University will begin drilling 8‑km super‑deep boreholes in Russia’s Komi region this month, probing the area’s potential oil reserves.

Greenland Mines’ $3.72 million purchase of 12.4 million AnorTech shares gives it a 9.9 % stake, adding a midstream role in sustainable alumina production from anorthosite and a large deposit near Nuuk.

Qulliq Energy Corp. pleaded guilty to a charge over the 2024 death of employee Noah Paniyuk at its Naujaat power plant, agreed to pay $240,000 plus a surcharge, and announced new safety measures and scholarships in his memory.

A non‑binding letter of intent between Glenfarne Alaska LNG and Chugach Electric Association sets the stage for a potential gas supply from the Alaska LNG pipeline, a key component of the state’s $44 billion LNG export project that could provide low‑cost energy and create jobs.

A U.S. oil company’s CEO flew to the remote Greenlandic town of Ittoqqortoormiit, where residents, who had little knowledge of the planned drilling, demanded community benefits. The company offered a modest fund and a handful of jobs, while regulators cited missing permits and oil‑spill plans.

Despite a recent surge in investor confidence under President Trump, Alaska’s ANWR lease auction in June 2025 yielded only nine bids—most from a state corporation—covering just 10 % of land, underscoring continued hesitation from major oil majors and raising questions about the region’s economic viability amid environmental concerns.