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Shell in the Arctic
The US Geological Survey estimates that the Arctic holds around 30% of the world’s undiscovered natural gas, as well as 13% of its oil and 22% of its natural gas liquids also yet to be found. This amounts to around 400 billion barrels of oil equivalent, 10 times the total oil and gas produced in the North Sea to date.
Developing Arctic resources could be essential to securing energy supplies for the future, but it will mean balancing economic, environmental and social challenges.