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
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions