https://sputniknews.in/20261027/russia-exploring-possibility-of-joint-arctic-work-with-us-putin-12707086.html
Russia Exploring Possibility of Joint Arctic Work With US: Putin
Russia Exploring Possibility of Joint Arctic Work With US: Putin
Sputnik India
Russia is exploring opportunities for joint Arctic energy projects with the United States, Russian President Vladimir Putin said at the Gas Exporting Countries... 27.10.2026, Sputnik India
2026-10-27T17:21+0530
2026-10-27T17:21+0530
2026-10-27T17:33+0530
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Russian President Vladimir Putin has also warned that attempts to exclude Russia from the global gas market could disrupt supplies and increase energy costs for other countries.He highlighted the importance of cooperation among GECF members, which account for around 70% of global gas reserves and approximately 40% of global gas exports. According to Putin, collaboration within the forum develops without attempts to manipulate the market or pursue undisclosed interests.The Russian president said the global gas industry was facing significant disruptions as large volumes of supply disappeared from the market. He noted that prices had risen sharply but could also fall just as quickly.Putin also criticised European countries for rejecting Russian gas, arguing that the decision was harming their industrial sectors and social systems while increasing costs.Global Gas Demand Expected to RisePutin stressed that natural gas already accounts for roughly a quarter of the global energy mix and is expected to play a growing role in international trade.Global gas demand could reach 5.5 trillion cubic metres annually by 2050, with international supplies projected to total 1.7 trillion cubic metres, he said. Liquefied natural gas (LNG) already accounts for around half of global gas trade.He called on gas-exporting nations to strengthen cooperation, develop sovereign technologies and improve international supply routes to support energy security.The remarks come amid continued debate over the future of global energy markets, supply diversification and the role of Russian gas in meeting international demand.
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Russia Exploring Possibility of Joint Arctic Work With US: Putin
17:21 27.10.2026 (Updated: 17:33 27.10.2026) Russia is exploring opportunities for joint Arctic energy projects with the United States, Russian President Vladimir Putin said at the Gas Exporting Countries Forum (GECF) summit.
"In the Arctic, which I mentioned, we are actively working with many countries around the world, and we are interested in working together. More recently, European partners worked with us in our fields, and Chinese partners worked with us. We are currently exploring the possibility of working together with American partners," Putin said at the Gas Exporting Countries Forum (GECF) summit in Moscow.
Russian President Vladimir Putin has also warned that attempts to exclude Russia from the global gas market could disrupt supplies and increase energy costs for other countries.
Putin said Russia holds the world’s largest natural gas reserves and remains a key player in international energy markets and a reliable supplier to foreign customers.
He highlighted the importance of cooperation among GECF members, which account for around 70% of global gas reserves and approximately 40% of global gas exports. According to Putin, collaboration within the forum develops without attempts to manipulate the market or pursue undisclosed interests.
The Russian president said the global gas industry was facing significant disruptions as large volumes of supply disappeared from the market. He noted that prices had risen sharply but could also fall just as quickly.
Putin also criticised European countries for rejecting Russian gas, arguing that the decision was harming their industrial sectors and social systems while increasing costs.
Global Gas Demand Expected to Rise
Putin stressed that natural gas already accounts for roughly a quarter of the
global energy mix and is expected to play a growing role in international trade.
Global gas demand could reach 5.5 trillion cubic metres annually by 2050, with international supplies projected to total 1.7 trillion cubic metres, he said. Liquefied natural gas (LNG) already accounts for around half of global gas trade.
He called on gas-exporting nations to strengthen cooperation, develop sovereign technologies and improve international supply routes to support energy security.
The remarks come amid continued debate over the future of global energy markets, supply diversification and the role of Russian gas in meeting international demand.
