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.
22 Articles
22 Articles
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.
The European Commission has decided to maintain the political ban on the development of new oil and gas fields in the Arctic region, despite calls by the Norwegian authorities to reconsider this position. Official Brussels intends to maintain restrictions on new projects for exploration and extraction of hydrocarbons in the Arctic in an updated development strategy. Euronews writes. Norway is strongly opposed to this approach. Terje Osland, Mini…
Norway's Arctic Oil Pitch Falls Flat in Brussels
The European Commission is expected to keep its current ban on oil and gas drilling in the Arctic despite months-long campaigning from Norway to lift the moratorium, a spokesperson for the EC has told Euronews. The Commission, the European Union’s legislative arm, is expected to announce a revamped Northern Neighbourhood strategy on October 20. But the new strategy is expected to keep the moratorium on drilling in Arctic waters, according to the…
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