Story perspectives
Arctic Melting: New Energy Race Between Russia and China
1/30/2026
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Story summary
- The Arctic is transforming into a strategic hub for energy and trade as melting ice reveals resources and routes.
- Russia dominates the region, controlling 80% of Arctic oil and gas production and holding significant natural gas reserves.
- Sanctions on Russia have shifted energy flows eastward via the Northern Sea Route.
- China is increasing its influence in Arctic projects through investments.
- Western Arctic assets remain fragmented.
