By JAMES GRAFF – Time Magazine
At the end of August, a wisp of flame suddenly appeared in the Arctic twilight over the Barents Sea, bathing the low clouds over the Norwegian port of Hammerfest in a spectral orange glow. With a tremendous roar, the flame bloomed over the windswept ocean and craggy gray rocks, competing for an instant with the Arctic summer’s never-setting sun. The first flare-off of natural gas from the Snohvit (Snow White in Norwegian) gas field, some 90 miles (145 km) offshore, was a beacon of promise: After 25 years of false starts, planning and construction, the first Arctic industrial oil-and-gas operation outside of Alaska was up and running. Norway’s state-owned petroleum firm Statoil could finally exploit once unreachable reserves, expected to deliver an estimated $1.4 billion worth of liquefied natural gas each year for the next 25 years.
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