Arctic pipeline As the EU has pushed to reduce greenhouse gas emissions and lower the portion of energy that comes from nuclear sources, the greatest benefactors have been natural gas producers. The single biggest EEA benefactor has been Norway. According to the Norwegian Petroleum Directorate, hydrocarbon production on the Norwegian shelf is expected to remain relatively stable for the next 10 years. In the long-term, new discoveries will be crucial to the sustained production of Norwegian Oil and Gas. However, according to the Wall Street Journal, declining oil and gas revenues could prompt the country to tap into its sovereign wealth fund, as oil and gas fields contributed 29 percent less to government’s oil revenue for the first half of 2016. This discrepancy suggests Norway needs to look deeper to keep producing oil and gas at its current levels. Falling UK gas production has necessitated the UK to start […]