Norway supplies roughly a third of EU gas imports, though Arctic gas accounts for a much smaller share, around 3 percent of the bloc’s imports.
Still, Norwegian leaders argue a moratorium would send the wrong signal while Europe remains dependent on external energy supplies.
Ine Eriksen Søreide, the leader of Norway’s Conservative party, said calls to stop Arctic development clash with Europe’s current energy security priorities. “It sends a very bad signal when the Commission says we need to stop oil and gas development in the Arctic, because that’s development the EU relies on,” she said.
Experts say the broader Arctic energy picture is dominated by Russia, which has major plans to expand liquefied natural gas production through projects such as Yamal LNG and Arctic LNG 2.
Malte Humpert, founder and senior fellow at the Arctic Institute, said climate change is rapidly transforming the once-inaccessible region.
“If we didn’t have climate change, we wouldn’t be talking about Arctic geopolitics,” he told POLITICO. “Climate change is actively reshaping the map, where suddenly there’s new trade routes available that didn’t exist even 10, 15 years ago.”
