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.
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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.