Over half of the world’s least developed and lowest income countries are currently exploring for oil and gas or hoping to expand existing production.

The Arctic is likely to attract substantial investment over the next ten years, potentially reaching 100 billion $ or more, according to the report “Arctic Opening” by Chatham House and Lloyd´s of London. The authors also point to risks: the environmental consequences of disasters in the Arctic are likely to be worse than in other regions.

This latest report produced by Lloyd's & Chatham House outlines key trends affecting global energy supplies over the next 10 - 20 years, identifying risks associated with both resource constraints and transition to a lower carbon economy.