The global energy needs are rising and the Arctic is emerging as a promising region for energy development. The Arctic may contain almost one-quarter of the world’s undiscovered reserves of oil and gas. In addition, the region carries large mineral reserves, both on and off shore.
Access to energy is critical for Arctic inhabitants and energy resources can present positive opportunities for business development provided this is done with due regard to traditional and indigenous lifestyles and sustainability.
What are the potential risks related to energy extraction in the Arctic? Do we have the technology to develop resources in the Arctic in a safe and sustainable way, and what are the renewable alternatives that can help us address the energy needs?
What are the most likely pathways for future energy development in the north? Which energy alternatives are economically viable and technologically feasible when the energy transition that is needed gains momentum? Is industry investing enough in innovative approaches to reduce their carbon footprint, and how is it addressing the risks to fossil fuel assets? What are the implications for longer term development strategies to build resilience for northern communities?
These questions will be address at a side event organized by the AEC and Arctic Frontiers in conjunction with this year’s ONS fair in Stavanger, Norway. The event is open for all participants – join us to discuss Arctic energy development!
Confirmed speakers include:
Ms. Toril Bosoni, analyst at International Energy Agency
Mr. Tero Vauraste, Chair of the Arctic Economic Council and President & CEO of Arctia Ltd.
Ms. Toril Inga Røe Utvik, Director of Arctic Unit at Equinor
Mr. Thomas Hansen of St1 Norway
The session will be moderated by Mr. Erling Kvadsheim, Vice Chair of the Arctic Economic Council.
When and where:
Clarion Hotel Energy, meeting rooms “Share 1” and “Share 2”
Wednesday, August 29, 2018 from 08:30 to 10:00 (breakfast will be served from 8:00)
The event is open to all
For more information, please see http://www.ons.no/energy-in-the-arctic/