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Norway to keep Barents Sea drilling through 2035

8/24/2026

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Story summary
  • Energy Minister Terje Aasland said Norway will keep drilling in the Barents Sea despite the EU moratorium.
  • Norway supplies about 30% of natural gas to the EU and Britain, its largest market.
  • Energy Minister Terje Aasland announced Norway will maintain petroleum production and exports at current levels until at least 2035.
  • IEA Executive Director Fatih Birol urged the EU to reverse the Arctic drilling moratorium for energy security.