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

Danos Leaders Recognized in “40 Under 40” Lists

Danos Leaders Recognized in “4

ExxonMobil to Drill for Gas Off Cyprus in January

ExxonMobil to Drill for Gas Of

Mocean Energy Raising Funds to Advance Wave Energy Tech

Mocean Energy Raising Funds to

Seadrill’s Drillships Getting Ready to Start Work Off Brazil

Seadrill’s Drillships Getting

Subscribe for OE Digital E‑News

Offshore Engineer Magazine