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Russia’s Arctic Gas

The boys at Gazprom are partying this weekend.  From Associated Press:

Nearly one-third of the natural gas yet to be discovered in the world is north of the Arctic Circle and most of it is in Russian territory, according to a new analysis led by researchers at the U.S. Geological Survey.

“These findings suggest that in the future the … pre-eminence of Russian strategic control of gas resources in particular is likely to be accentuated and extended,” said Donald L. Gautier, lead author of the study published in Friday’s edition of the journal Science. (…)

Two-thirds of the undiscovered gas is in just four areas — South Kara Sea, North Barents Basin, South Barents Basin and the Alaska Platform — the report said.

Indeed, the South Kara Sea off Siberia contains 39 percent of the Arctic’s undiscovered gas, the researchers said.