Arctic events covered by at least three sources, newest first.
Glenfarne Alaska LNG proposes a $16 per MMBtu cap on gas sold through its 807‑mile pipeline, aiming to keep Alaskan prices low if construction overruns occur. The offer could resolve a sticking point in lawmakers’ 30‑day session on a 90% volumetric tax break, while an Enstar contract guarantees a fixed price.
President Donald Trump pledged to reopen Alaska’s Arctic National Wildlife Refuge for oil drilling, a move that could reshape Arctic energy policy and impact wildlife protection while tapping the state’s vast natural resources.
The Trump administration announced an oil and gas lease sale for Alaska’s Arctic National Wildlife Refuge, scheduled for Friday, which could open the protected area to drilling and raise environmental concerns.
On June 3, President Vladimir Putin signed an executive order allowing French firm TotalEnergies to sell its 10 % stake in the U.S.–sanctioned Arctic LNG 2 project to Novatek’s newly‑established subsidiary NordLine. The move follows a U.S. sanction at the start of production, a $4 bn write‑down by TotalEnergies, and shifts ownership toward Russian control.
Hooper Bay residents face heating fuel at $9.24 per gallon and unleaded gas at $8.44, with prices set to rise sharply when the first summer barge arrives. Global oil disruptions from the Iran war and Strait of Hormuz closure have pushed shipping costs up. Alaska lawmakers have increased loan limits and earmarked $100 million in energy relief to help communities.
Norway is lobbying the European Union to end the moratorium on new oil and gas drilling in the Arctic. The paused region spans nearly two‑thirds of Norway’s Arctic territory and contains a large share of its petroleum reserves.