EU gas importers want to ask Norway to cut prices

In Europe, they believe that because of the energy crisis, Norway must supply gas at a price below the market.

⠀

Many EU executives who import Norwegian gas are ‘privately’ saying that Norway ‘should agree to export gas at a reduced price’. A quarter of gas supplies to Europe come from Norway.

⠀

“As the price of gas continues to rise, more than doubling since Russia began openly restricting exports in June, there is a quiet murmur in the industry. He says that the time has come to ask Norway to do what previously seemed unthinkable: Norway must agree to lower the price at which it sells its gas,” experts say, noting that this is not yet an official proposal.

⠀

With gas prices on the rise, state-owned Norwegian company Equinor plans to make about €100 billion in energy export profits in 2022. A year earlier, the profit was €30 billion. It is likely that the country has already “gained a certain budgetary freedom.”