Thursday, September 29, 2022

Analyst Soltvedt: Oslo will not be able to sell the necessary gas to London due to dry summer

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London has relied on Norwegian fuel in an attempt to phase out Russian fuel, but a dry summer has forced Oslo to restrict energy exports. Thorbjorn Soltvedt, chief analyst at the consulting company Verisk Maplecroft, said this in a conversation with the British newspaper Express. “In Norway, too low water levels in some reservoirs due to a dry summer led to the shutdown of hydroelectric power plants, so the country had to release its own gas reserves, which means a reduction in export supplies,” he said. At the end of March, a spokesman for the then Prime Minister of Great Britain, Boris Johnson, said that the United Kingdom was not going to pay for Russian gas in rubles. After that, the country began to import gas from Norway and the United States. Earlier on September 18, the British tabloid Daily Express reported that London was in a panic due to the fact that Europe’s largest gas supplier – Norway – could stop energy supplies. On the eve of The Economist magazine wrote that Norway is “shamelessly profiting” against the backdrop of a special operation in Ukraine, receiving $ 200 billion a year for the rise in energy prices.

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Source: Rambler

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