The Russian president has highlighted growing global energy demand and Moscow\u2019s technological advances in the region<\/p>\n
Russia and the US are exploring opportunities for cooperation in the Arctic, President Vladimir Putin has said, stressing that Moscow is ready to work with partners genuinely interested in joint projects.
\nSpeaking at the eighth summit of the Gas Exporting Countries Forum (GECF) in Moscow on Tuesday, Putin highlighted growing global demand for natural gas and Russia\u2019s efforts to expand production, particularly in the Arctic.
\nNatural gas already accounts for a quarter of the global energy mix, and Russia, which holds the world\u2019s largest reserves, is investing in infrastructure and technologies designed to operate in extreme northern conditions, the president noted.
\n\u201cRussia is systematically strengthening its technological sovereignty,\u201d Putin said. \u201cWe have also taken a major step forward by creating our own proprietary [liquefied natural gas] LNG technologies, which are already being deployed in the harsh conditions of the Arctic.\u201d<\/p>\n
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Moscow is \u201copen for cooperation,\u201d including in the technological field, Putin maintained, adding that it is \u201cactively working with many nations\u201d in the Arctic. \u201cNow, we are exploring avenues for joint work with American partners,\u201d he added.
\nEarlier this week, the New York Times reported that Moscow and Washington were discussing a potential venture to use Russian technology to extract natural gas in Alaska, liquefy it and export it.
\nThe proposed company, dubbed Polar LNG, was reportedly discussed last month by Putin and US President Donald Trump\u2019s special envoys, Steve Witkoff and Jared Kushner. According to the newspaper, Russian gas producer Novatek has helped finance the venture through a UAE-based firm and is considering taking a minority stake.
\nWestern energy companies have largely scaled back their Russian operations since the escalation of the Ukraine conflict in 2022. US energy giant ExxonMobil withdrew from the Sakhalin-1 oil and gas project, although the Wall Street Journal reported last year that it was considering a return.<\/p>\n
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ExxonMobil and Chevron nevertheless retain stakes in the Caspian Pipeline Consortium, which transports Kazakh oil through Russia to the Black Sea.
\nSeveral major European energy companies have also exited Russia, although France\u2019s TotalEnergies retains stakes in Novatek and the Yamal LNG project.
\nThe EU, meanwhile, has adopted an increasingly militaristic approach to the Arctic. Its latest Arctic strategy identifies the region as a potential flashpoint for confrontation with Russia, declares that the bloc itself \u201cis part of the Arctic,\u201d and outlines a range of military objectives.
\nIn August, Russian Foreign Minister Sergey Lavrov warned that the EU was seeking to turn the Arctic into a new \u201chotbed\u201d of tensions. He accused NATO of \u201cdriving the region towards militarization\u201d through its military buildup, while stressing Moscow\u2019s commitment to \u201cpreserving the Arctic as an area of peace and cooperation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Russian president has highlighted growing global energy demand and Moscow\u2019s technological advances in the region Russia and the US are exploring opportunities for cooperation in the Arctic, President Vladimir…<\/p>\n","protected":false},"author":1,"featured_media":40652,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-40651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t