Oil licensing freeze looms in Greenland

摘要

London-The new coalition government in Greenland is unlikely to award new licenses for oil and gas exploration in its waters in the future, though existing permits will remain valid, according to the new government's coalition agreement for 2013-2017. The accord, published March 26, also calls for closer monitoring of resources. "Cur- rent exploration and extraction permits for oil extraction will stay in force, but the govern- ment will be reluctant to grant new permits," it said.