Norway says it will keep drilling the Barents Sea despite EU calls for an Arctic moratorium. But with Norway supplying ~30% of EU and UK gas demand, the dispute is less a break with Brussels than a debate over energy integration. #Norway#Gas#EU
Norway has started Troll Phase 3 Stage 2 months early, accelerating 55 Bcm of gas from one of Europe’s most important fields. The project could bring forward up to 7 Bcm annually, roughly 6% of Norway’s recent gas exports. #NaturalGas#Norway#Energy
Norway’s crude output fell nearly 10% year over year to 1.776 million bpd in July, just as Gulf supply remains heavily disrupted. The decline matters because Europe increasingly needs reliable barrels outside Hormuz. #Oil#Norway#Brent
IEA chief Fatih Birol says the EU should reconsider its 2021 Arctic drilling moratorium, arguing “the world needs every drop of oil from Norway” as Europe looks to strengthen energy security after the Iran war. #Oil#Norway#EU#EnergySecurity
