Norway, Europe’s second biggest gas supplier after Russia, is planning to develop its northernmost reserves in the Arctic, but hinges on a commitment by the European Union to make the fuel part of its strategy to cut greenhouse-gas emissions, Bloomberg informed.

Norwegian ministers stated in a letter addressed to EU’s Climate Change Commissioner, Miguel Arias Canete, that investments in the Arctic areas will depend upon the EU Commission’s upcoming legislative package and its commitment to gas. Developing new gas capacity in the Barents Sea require substantial up-front investments and companies will make their choices on a commercial basis, taking into consideration the prospects for gas in Europe, Petroleum and Energy Minister, Tord Lien, said in the letter.