27 May '13, 1pm

Drumbeat: May 27, 2013

Posted by Leanan on May 27, 2013 - 6:39am New Frontiers: Suddenly, the oil and gas potential of the Arctic looms large The harsh environment itself seemed to isolate the region from those who would seek to exploit it for oil and gas exploration, especially offshore. And the mass of ice, which receded only for the blink of an eye during the Arctic summer, kept the area locked. But global warming has changed all that. Companies such as Shell, BP, Rosneft, ExxonMobil and others are venturing into the Arctic. Countries are sending ships, for the first time, through the newly opened central route, linking Asia with markets in Europe, the US and beyond. “As a reflection of that fundamental change, I will tell you that in every meeting I have had in the last 18 months with the leaders of India, China, South Korea, Singapore, the first item they brought to the agenda was the Arcti...

Full article: http://www.theoildrum.com/node/10003

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