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Norway Pushes EU to Lift Arctic Drilling Restrictions on May 29

GateNews

2026-05-29 05:35:29

According to reports, Norway is pressuring the European Union to lift its Arctic drilling restrictions on May 29, as the region holds nearly two-thirds of Norway's oil and gas resources. The EU is expected to announce its new Arctic policy by late September. Norwegian officials and industry lobbyists are traveling to Brussels to influence the decision, citing Europe's growing dependence on Norwegian natural gas exports, which currently meet approximately 30% of the EU and UK's natural gas demand.

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