Norway does not fear that EU joint gas purchases will create a cartel – #Norway #fear #joint #gas #purchases #create #cartel
OSLO, 10 March (Reuters) – Europe’s largest natural gas supplier Norway Europe Union of joint global markets gas is not worried that the buying scheme will create a cartel of buyers, its oil and energy minister said on Friday.
in Oslo Europe Norway’s Minister Terje Aasland, who hosted discussions including the EU’s procurement plan with Commission Vice President Maros Šefčovič, told reporters the platform would facilitate “commercially-based negotiations” and could benefit Norwegian energy companies.
The commissioner clarified how the joint procurement would work, adding that the platform would allow Norway’s state-owned Equinor ( EQNR.OL ) to stabilize gas can help connect with small industries in need of supplies.
22 of the 27 countries that joined the EU earlier this month, 17 for the next three years billion expressed their initial interest in gathering more than cubic meters (bcm) of gas demand, Sefcovic said earlier.
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EU energy policy chief Kadri Simson said on Thursday that Ukraine 2 before next winter billion will also participate in order to buy cubic meters of gas.
The tool is intended as a temporary response to energy shortages caused by the loss of Russia’s gas supply, but Aasland said it could be adapted for hydrogen, for example.
In talks held in Oslo on Friday, Norway agreed to replace Russia as Europe’s biggest gas supplier in the months following Moscow’s aggression against Ukraine in February last year. substitute Norway after doing Europe its role as a reliable supplier of the market was discussed.
Aasland said the EU, which aims to produce net-zero carbon emissions by mid-century and is working to shift to renewable energy, should give clear support to Norway’s plans to expand its offshore oil activities.
“Whether it’s future exploration and investment in oil and gas, or whether some of it is transitioning to a blue hydrogen system, our E.U. political level, we need long-term commitments and long-term signals,” he added. .
Blue hydrogen refers to hydrogen produced using gas that results in carbon emissions captured in underground or underwater storage.
Reporting by Nora Bulley; Edited by Barbara Lewis
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2023-03-10 18:27:59
Source – reuters
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