RESOLVING THE LEDGER
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Norway plans to continue exploring for oil and gas in its Arctic waters in the Barents Sea regardless of whether the European Union supports or lifts a moratorium on Arctic drilling, Norway’s Energy Minister Terje Aasland told Reuters. Norway, not an EU member but a close ally and the single biggest gas supplier to Europe, pursues increasing its oil and gas supply to meet demand in Europe, which has had to contend with the bans on Russian oil and gas imports amid two energy crises in four years. The EU, for its part, currently has a moratorium…
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