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Oct 10

$15 trillion treasure

Fast Company has an article about Russia’s oil & gas exploits in the Arctic, with a mention of how it is affecting indigenous tribes in the area.

Years ago, geologists and engineers verified the existence of rich natural-gas deposits at Bovanenkovo through three-dimensional seismic imaging and exploratory drilling into the permafrost. Then, beginning in 2008, Gazprom brought in building supplies and constructed a 684-mile-long pipeline under the frigid Kara. With an estimated 4.9 trillion cubic meters of gas buried under the permafrost, Bovanenkovo has been described by company officials as one of the largest natural-gas finds in Gazprom history, although not as big as the Urengoy field, which is also in Siberia. “If Gazprom closed all its other gas fields and was pumping just from here,” I am told by my escort, Andrei Teplyakov, the youthful press officer for Gazprom’s Siberian operations, “the company could survive for more than a decade.”

The writing isn’t all that great, but the subject matter is definitely interesting.

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