EU wants Norway Gas
The European Union is looking north for a reliable supply of energy. With rising energy demands and too much dependance on Russia, the EU looks to Norway to supply it’s citizens with gas. Norway is already the second biggest gas supplier to Europe with a 16 percent market share. Norway is a stable partner, unlike Russia - which turned off gas supplies to Ukraine early this year. France and Germany in particular are big clients of Norway, both getting over 25 percent of their gas from the Scandinavian country.
Faced with rising demand for energy and keen to reduce their dependency on Russian gas supplies, European countries are greedily eyeing Norway’s natural gas, available to the continent through a burgeoning web of pipelines.
In the past six years, Norway has practically doubled its annual gas exports to 90 billion cubic meters (3,178.3 billion cubic feet), making it the second biggest supplier to the European Union with a 16 percent market share.
Earlier this month the world’s longest underwater gas pipeline was opened, linking Norway and Britain. The gas pumped through the Langeled pipeline will cover up to 20 percent of Britain’s needs in coming years.
The Scandinavian country already supplies 30 percent of France’s needs and 25 percent of Germany’s.CLICK HERE FOR THE FULL ARTICLE AT EUBusiness.
Administrator @ October 30, 2006