Norway Wants Europe’s Energy Market, Without Sharing Its Trade-Offs
Norway is supposedly breaking with Brussels. Energy Minister Terje Aasland says the country will continue exploring for oil and gas in the Barents Sea despite European Union support for an Arctic drilling moratorium. He has also dismissed the old ambition for Norway to become Europe’s “green battery” as a flawed idea. Placed together, the statements create a compelling political story: a…
Norway is reportedly maintaining ties with Brussels despite the country's continued oil and gas exploration in the Barents Sea. Energy Minister Terje Aasland stated that Norway will pursue this despite European Union support for an Arctic drilling moratorium, dismissing the idea of Norway becoming Europe's "green battery" as flawed.
While Norway is not withdrawing from European energy integration, it aims to sell significant quantities of oil, gas, and electricity to Europe while minimizing the domestic costs associated with participating in an interconnected market.
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