Norway's Arctic Oil Pitch Falls Flat in Brussels
The revised strategy keeps the policy non-binding despite pressure from Norway and the International Energy Agency, and 54.4% of EU LNG imports came from Norway this year.
- The European Commission confirmed it will maintain its opposition to new Arctic oil and gas exploration, resisting intense pressure from Norway to abandon the moratorium in an upcoming strategy update.
- Norway, the European Union's largest LNG supplier, has presented Arctic exploration as energy insurance, but the Commission maintains that new fossil fuel development is incompatible with its long-term climate goals.
- Although Norway accounted for 54.4% of European Union LNG imports between January and June, environmental activists argue Norwegian Arctic gas represents just 1.4% of total imports, offering minimal energy security benefit.
- Eleven heads of state gathered in Rovaniemi on September 13 and 14 to discuss the region's "strategic importance," which Finnish Prime Minister Petteri Orpo described as a "very productive" high-level discussion.
- On October 20, Brussels will unveil its revised Arctic strategy, maintaining that the moratorium "will remain unchanged" despite calls from the International Energy Agency to reconsider.
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30 Articles
(Brussels=Yonhap News) Correspondent Hyun Yun-kyung = The European Union (EU) [is] oil and gas in the Arctic region... despite opposition from Norway, one of Europe's major energy suppliers.
The European Commission did not intend to change its plans to lift the moratorium on the production of hydrocarbons in the Arctic, so Brussels responded by Norway, which was the main supplier of gas and a major exporter of oil to the European Union.
Brussels confirms its commitment to halt the development of new deposits in the Arctic, a position which is in conflict with Norway's energy interests.
Aftenposten
aftenbladet.noAccording to sources in the European Commission, the EU's moratorium on new oil and gas extraction in the Arctic will be continued - in direct contradiction to Norway's wishes.
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