--- title: "Putin at GECF Forum: Russia Explores Joint Projects with US in Arctic and Warns of Consequences of Gas Market Isolation" description: "At the Gas Exporting Countries Forum, Putin stated that Russia is exploring cooperation with American companies in the Arctic and warned of the consequences of isolating Moscow from the global gas market." date: 2026-10-28T12:05:26.597Z lang: en url: https://xab.info/en/posts/putin-russia-us-cooperation-arctic-gas tags: [putin, trump, arctic, gas, russia-usa, energy] author: "Marina Slivenko" publisher: "XAB.info" --- # Putin at GECF Forum: Russia Explores Joint Projects with US in Arctic and Warns of Consequences of Gas Market Isolation ![Vladimir Putin and Donald Trump shaking hands during a meeting](https://xab.info/media/2026/10/28/putin-rossiya-ssha-sotrudnichestvo-arktike-gaz/putin-rossiya-ssha-sotrudnichestvo-arktike-gaz-1.webp) ## Key Points - Putin stated at the GECF forum that Russia is considering cooperation with American partners in the Arctic - Russia ranks first in the world in gas reserves and second in production - Putin warned that isolating Moscow from the gas market will lead to higher prices in importing countries - The share of Russian gas in EU imports dropped from 45% in 2021 to 19% in 2025 - Deputy PM Novak: Russia has supplied 320.7 billion dollars in energy resources to the EU since 2022 Speaking on October 27, 2026, at the Gas Exporting Countries Forum (GECF) conference in Moscow, Russian President Vladimir Putin stated that Russia is seeking opportunities for cooperation with American partners in the Arctic—a region rich in natural resources. According to the head of state, Moscow traditionally maintains active engagement with various nations in the Arctic region and is open to implementing joint projects. ### Statement on Working with American Partners “Previously, European partners cooperated with Russia in oil and gas extraction, and Chinese partners continue to work in this area. Now we are also considering the possibility of cooperation with American partners,” Putin said. The Russian leader's statement confirms recent media reports regarding meetings between him and White House envoy Steve Witkoff. However, Putin did not specify whether the joint projects under consideration concern natural gas extraction or other resources in the Arctic. ### Russia's Status on the Global Gas Market According to the president, Russia is currently a key player in the global gas market, ranking first in the world in natural gas reserves and second in production. Putin stated that the country has established a specialized gas extraction system that allows for the diversification of supply routes and the development of gas processing enterprises. ### Warning on the Consequences of Isolation At the conference, Putin warned that Western attempts to isolate Moscow from the global gas market could have serious consequences, leading to a sharp rise in energy prices for businesses and households in importing countries. The president stated that Europeans are facing high energy prices as the European Union aims to phase out imports of Russian gas by the autumn of 2027. The share of Russian gas in total EU imports dropped sharply from 45% in 2021 to 19% in 2025, yet the EU continues to import liquefied natural gas (LNG) from Russia by sea, partially compensating for the decline in pipeline supplies. ### Energy Supply Figures to the EU On the same day, Russian Deputy Prime Minister Alexander Novak stated that since 2022, Russia has supplied 320.7 billion dollars worth of energy resources to the EU, including 21.3 billion dollars in the first nine months of 2026. These data indicate that despite the reduction in the share of Russian pipeline gas, the energy connection between Moscow and European markets remains intact. ### Context and Significance of the Statements Putin's statements came amid ongoing contacts between Moscow and Washington, including previously reported meetings between the Russian leader and American representatives. The illustration accompanying the report is a photograph of a handshake between Putin and US President Donald Trump during their meeting in Alaska, USA, on August 15, 2025 (REUTERS). The specific parameters of potential Arctic projects involving American companies, according to Putin, have not yet been disclosed and remain in the drafting stage. ## Fact-Check & Sources - [Путин сообщил, что Россия рассматривает возможность сотрудничества с США в Арктике.](https://www.vietnam.vn/ru/ong-putin-tiet-lo-nga-dang-tinh-chuyen-hop-tac-voi-my-tai-bac-cuc) - Primary source: Putin's statement at GECF, quote on European and Chinese partners, meetings with Witkoff, positions on reserves and production, gas share in the EU, Novak's data. - [Путин: Россия прорабатывает возможность сотрудничества с США в Арктике](https://aif.ru/politics/russia/putin-rossiya-prorabatyvaet-vozmozhnost-sotrudnichestva-s-ssha-v-arktike) - Confirms the speech at the GECF summit and the quote regarding joint work with American partners. - [Владимир Путин сообщил о проработке совместных с США проектов в Арктике](https://expert.ru/news/vladimir-putin-soobschil-o-prorabotke-sovmestnykh-s-ssha-proektov-v-arktike) - Confirms the development of projects with American companies in the Arctic, including in the gas sector. - [Путин заявил о проработке газовых проектов с США в Арктике](https://www.osnmedia.ru/ekonomika/putin-zayavil-o-prorabotke-gazovyh-proektov-s-ssha-v-arktike/) - Confirms the statement on joint work with the US in the gas sphere in the Arctic at the conference. ## FAQ ### Where and when did Putin announce cooperation with the US in the Arctic? At the Gas Exporting Countries Forum (GECF) conference in Moscow on October 27, 2026. ### Did Putin specify which exact resources are involved? No, Putin did not specify whether the projects under consideration concern natural gas extraction or other resources in the Arctic. ### What figures did Deputy Prime Minister Novak cite regarding EU supplies? Since 2022, Russia has supplied 320.7 billion dollars in energy resources to the EU, including 21.3 billion dollars for the first nine months of 2026. ### How has the share of Russian gas in EU imports changed? From 45% in 2021 to 19% in 2025, while the EU continues to import Russian LNG by sea.