Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/companies-race-for-gas-in-arctic Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Transcript Norway's state-owned oil company, Statoil, recently opened Europe's first large-scale liquefied natural gas plant in Hammerfest, Norway. As global warming melts Arctic ice and makes reserves more accessible, companies are racing to the Arctic to stake their claims. Read the Full Transcript Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. TOM CLARKE, ITV News Correspondent: There's a problem with reindeer in Hammerfest. Nuisance nibbling of parks and gardens is the price you pay for being one of the world's northernmost places. Another is suddenly finding your tranquil Arctic town home to a tongue of flame reaching 100 meters into the sky.The flare marked the coronation of the Snow White gas project. Far more than a fairy tale for Statoil, Norway's state-owned petroleum firm, who took us through the tunnel they built connecting the island plant to the town. GEIR PETTERSEN, Statoil: You're now standing at nearly 71 degrees north, close to the Barents Sea, it's nothing between here and the North Pole. So it is the first big development in the Barents Sea.