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2015-12-03 19:35:00

NORWAY NEEDS GUARANTEES

NORWAY NEEDS GUARANTEES

Norway, the EU's most reliable external supplier of gas, is seeking assurances that the bloc will remain committed to the fuel for decades to come so that it can attract investments to build new undersea pipelines from the Arctic.

Norway traditionally vies with Russia to be the EU's top gas supplier, providing about 30 per cent of import demand. In terms of energy security, EU officials hail Norway as a model of stability compared with the political and commercial risks associated with Russia and Algeria.

But Tord Lien, Norway's minister for petroleum, warned that the country should not be taken for granted.…

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Tags: NORWAY, GAS, EUROPE, RUSSIA, GAZPROM
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