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Russia and Norway cuddle up over key energy zone

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Russia and Norway cuddle up over key energy zone


Russian President Dmitry Medvedev has travelled to Norway in an effort to finally unlock both country’s disputed gas and oil reserves, ending a decades old energy rift.

Medvedev received the full royal treatment as he arrived in the Norwegian capital Oslo. The two day visit seeks to broker a deal over the Barents sea, a maritime zone half the size of Germany and sandwiched between proven energy reserves in Norwegian and Russian waters.

Moscow and Oslo have kept oil and gas exploration in the long disputed sea on ice and even though there are hopes of a thaw in each sides position the prospects of a final accord are being played down.

The Russian side of the Barents Sea alone, a huge reservoir, is believed to hold enough gas to supply global demand for a year. Two promising energy fields are also thought to lie on the Norwegian side.

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