In total, the Arctic is home to more than 60 untapped natural gas fields with 43 locations falling inside Russian territory. Consequently, Russia has already set to dominate this area and its resources, building the Yamal LNG plant which cost over $27 billion to develop. New vessels valued at hundreds of millions of dollars each have also been developed specifically to travel the Arctic with greater ease. Once drilling and mining commence, this massive plant will be capable of transporting 18 million tons of natural gas out of the Arctic each year. In total, the Arctic represents 22% of all undiscovered oil and natural gas in the world.
While this represents significant value and power for Russia, its effect on the Nenet people could be devastating. With the reindeer population of the Arctic already threatened by rising temperatures, the industrialization of this land adds an even greater threat.
Previously we published an article detailing Russia’s strategy to dominate the untapped natural gas resources of the Arctic, where we briefly discussed its effect on the Nenet people of this land. Today, we are writing to further explain the struggles of the Nenets as their land becomes a haven for new drilling and mining projects in an effort to gain control over a majority of the world’s natural gas fields.