The NYT reported on the risks to Anchorage due to the Alaska gas crisis.

The US state of Alaska is on the brink of a gas crisis, and its largest city, Anchorage, could be left without electricity in the coming years as gas reserves in Cook Inlet are depleted, The New York Times (NYT) reports.

In the past, gas was so abundant that Alaska used it for more than just heating homes and generating electricity: the fuel was shipped overseas by tanker. Now, the newspaper explains, most drilling companies have left the state, while gas reserves in Cook Inlet continue to decline.

Anchorage is the largest city in the state of Alaska, home to approximately 287,145 people, or nearly 40% of the state's total population.

It is also an important logistics and aviation hub, as well as a major tourist destination in Alaska.

Alaska, whose economy is built on oil and gas, is currently "on the brink of a gas crisis," despite still producing large volumes of the fuel, the NYT reports. According to the newspaper, authorities have been aware of the dwindling reserves for over 15 years, but have yet to find a solution.

According to the NYT, local authorities aren't ruling out the possibility that they might run out of fuel to keep Anchorage fully lit in the next few years. Utilities predict they'll likely have to purchase gas from abroad starting in 2028 for an indefinite period, which could lead to electricity and heating prices rising by 10-40%.

US President Donald Trump said his country's partners, including South Korea and Japan , intend to invest trillions of dollars in building a gas pipeline in Alaska to supply gas to Asia. However, the HEAD of state lamented that not a single Asian company has yet invested in the project's equity.

Following a meeting with his American counterpart, Donald Trump, in Anchorage in mid-August, Russian President Vladimir Putin announced that Moscow was discussing with the United States the possibility of joint work in the Arctic and Alaska.

The head of state recalled that the Arctic contains significant natural resource reserves. Putin noted that RUSSIA has already begun working there, citing NOVATEK, a company working in liquefied natural gas, as an example.

REUTERS reported, citing sources, that American officials discussed the use of Russian nuclear icebreakers for gas production projects in Alaska.

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