Norwegian Ministry of Petroleum and Energy: Oslo opposes gas price cap
Norway opposes gas cap. About report “Izvestia” with reference to the Ministry of Oil and Energy of the country.
“This could exacerbate the problem facing Europe, namely the shortage of gas,” said Stein Grimsrud, a spokesman for the department.
Norway has become one of the key substitutes for Russian gas. In the summer, Oslo approved a permit for the extraction of fuel from seven offshore fields at once in order to increase gas production this year by eight percent compared to 2021.
The country’s Ministry of Oil and Energy stressed that they plan to supply about 122 billion cubic meters of natural gas to Europe in 2022. “Half of this volume is justified by the restart of LNG – the Hammerfest LNG plant,” Grimsrud said.
Earlier, the European Union abandoned plans to introduce a ceiling on gas prices due to internal disagreements and possible supply problems, writes Bloomberg with reference to the draft package of emergency measures to combat the EC energy crisis. In order to avoid sharp fluctuations in gas prices, the EC will offer the bloc countries joint purchases.
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