New Opportunities: Energy in the Arctic

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.

The Arctic Economic Council and Arctic Frontiers will join forces to organize a breakout session during the 2018 ONS in Stavanger, Norway. We gather a group of experts for an interactive discussion on new opportunities related to energy in the Arctic. 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? Which options already exist and arise for energy transportation in the Arctic? What is the importance of maritime transportation for the export of energy in the Arctic? What are the implications for longer term development strategies to build resilience for northern communities?

Program: 

Opening of the event
Mr. Salve Dahle, Managing Director, AkvaplanNiva/Founder of Arctic Frontiers

Key note
Ms. Toril Bosoni, Senior Analyst, International Energy Agency

Arctic Energy: Local and Global Contexts
Ms. Toril Inga Røe Utvik, Manager, Arctic Unit, Equinor, Norway
Mr. Tero Vauraste, AEC Chair /President & CEO of Arctia Ltd.
Mr. Thomas Hansen, St1 Norway

Ms. Jannicke Gerner Bjerkås, CCS director, Fortum Oslo Varme
Mr. Andreas Wulff, Communication Manager, Eni Norge

Concluding remarks:
Mr. Tero Vauraste, AEC Chair /President & CEO of Arctia Ltd.

The event is moderated by AEC Vice Chair Mr. Erling Kvadsheim. 

Join us for a discussion on the energy in the Arctic! The event is open for all, but we kindly ask you to register by sending an e-mail to info@arcticeconomiccouncil.com