Gas fuels new cold war in the Arctic - by IAN MATHER
ON A small island off the coast of the world's most northerly town, workers are putting the finishing touches to a vast structure that will transform the politics of the Arctic. Soon gas will flow from nearly 100 miles out at sea, and the great rush to exploit virgin territory that is estimated to contain 25% of the world's undiscovered petroleum resources will have begun.
"This will be Europe's new oil and gas province and will play a key role in energy supplies for Europe and the US for many years to come," said Sverre Kojedal, a senior official with Statoil, the Norwegian state oil and gas company.
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