Norway Ignoring EU on Arctic Oil | Bermuda News

Norway’s Energy Minister Terje Aasland is defiantly pushing forward with Arctic oil and gas exploration, rejecting EU calls for a pause and rejecting the notion that Norway should be Europe’s “green battery.” As Europe’s top energy supplier—especially post-Ukraine—Norway hit record gas output and its highest oil production since 2009, but faces steep declines after 2030 without new fields. Environmentalists fear stranded assets if demand drops, while Norwegian giants like Equinor insist global markets will absorb their supply—and cutting off Norway would hurt European security. Aasland argues Arctic activity serves both Norwegian and European interests amid geopolitical uncertainty, urging Europe to strengthen its own grids instead of relying on interconnectors, promising lower prices and better energy flow through cooperation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/82a3ac0b77af67ab