Russian energy minister Nikolay Shulginov
Europe’s major gas suppliers in war of words
Russia and Norway take divergent views on how to tackle current price volatility
The differing attitudes of the two largest pipeline gas suppliers to northwest Europe on the causes of the ‘crisis’ that has affected the continent’s gas markets were laid bare in opening remarks at the 23rd ministerial meeting of the Gas Exporting Countries Forum (GECF) in mid-November. Norway, a GECF observer member, spoke in favour of letting markets efficiently set prices and for no government interference. Russia blamed lack of respect for long-term contracts. “We have experienced a very volatile gas market through the last couple of years, providing substantial challenges for both consumers and producers,” says Morten Anker, deputy director general at Norway’s Ministry of Petroleum and
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
