Norway Lobbies EU to Ease Arctic Oil and Gas Drilling Moratorium
Norway has increased diplomatic efforts at the European Union to seek changes to the bloc's moratorium on Arctic drilling. The country supplies the largest share of natural gas to European markets despite not being an EU member.
newrepublic.comNorway has stepped up lobbying at the European Union to seek removal or adjustment of the bloc's moratorium on Arctic oil and gas drilling. Norway is Western Europe's largest oil and gas producer and its top natural gas supplier to European markets. It is not an EU member.
Norwegian officials have sent nearly a dozen ministers to Brussels this year to discuss energy, trade, and Arctic drilling policy. The Iran war and the largest oil and gas supply disruption on record have strengthened Norway's case for reliable European energy supplies. com reported the intensified outreach.
Key Facts
Potential Impact
- 01
EU may review or adjust its Arctic drilling moratorium policy.
- 02
European energy supply discussions could include additional Norwegian volumes.
Transparency Panel
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