Norwegian Supply Increase Not Enough to Replace Missing Russian Gas

Credit: Equinor (file photo)
Credit: Equinor (file photo)

Norway is delivering natural gas to Europe at maximum capacity, but this cannot replace any missing supplies from Russia, Norwegian Prime Minister Jonas Gahr Stoere said on Wednesday.

Norwegian companies have optimized their delivery potential to "the maximum capacity and a bit more" that will allow for a stable supply to Europe, Stoere said during a panel discussion while visiting Berlin. 

Russian pipeline gas flows to Europe have dropped off significantly over the past months, raising concerns over sufficient supplies and increased wholesale gas prices.

At the same time, Norway's Equinor has increased its gas production, including reducing gas injections normally used to pump oil to sell more volumes.

(Reporting by Nora Buli)

Current News

Iberdrola Picks Up $4.9B to Finance 1.4GW UK Offshore Wind Farm

Iberdrola Picks Up $4.9B to Fi

Perenco Brings Woodside’s Trinidad Oil and Gas Assets Into Its Fold

Perenco Brings Woodside’s Trin

Vallourec Brings CNOOC, Petrochina as New Clients in Iraq

Vallourec Brings CNOOC, Petroc

Germany’s SEFE Inks Three-Year LNG Supply Deal with ADNOC

Germany’s SEFE Inks Three-Year

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine