SUBSCRIBE
PROFILE

Norwegian Gas Price Negotiations Advance

The EU is negotiating with Norway to introduce a cap on gas prices, a question of "solidarity between allies".

Share:

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 €*

then 199 €/year

SUBSCRIBE — 99 € for the 1st year

Create a free account to read this article

*renews at 199€/year, cancel anytime before renewal.

Capping the price of gas that Norway provides to European countries in search of an alternative to Russian gas, is a matter of “solidarity between allies”, stressed Sunday the European deputy Pascal Canfin.

While the European Union is looking for ways to do without gas from Russia, “a negotiation is underway with Norway to lower the price of gas we buy from the Norwegians. Since we have sharply reduced our purchases of Russian gas, today the main supplier of gas in Europe is Norway,” said on France Inter, the chairman of the Environment Committee in the European Parliament, who hopes “a landing this week” on this subject.

“We share almost everything with Norway, values, democracy, opposition to Putin … except the rent (gas, ed.). Because it costs us about 100 billion euros to buy gas in Norway, and they make money. So it is quite legitimate to agree on a maximum price,” said the former French minister.

For him, “we Europeans are always asked to show solidarity… Very well, but do we have the right from time to time to demand that our partners show solidarity with us? This is a historic moment: we need Norway, the leading gas supplier, and Europe, the leading customer, to show solidarity. So a negotiation is underway, I do not know if it will work, the objective is to have a maximum price.

And the deputy secretary general of the French presidential party Renaissance added: “the next country is Algeria, of which we are now a very large customer for gas. It will be more difficult, but I think that this discussion must take place. And then the United States, the same.

Oslo, through the voice of its Prime Minister, has previously expressed “scepticism” about this price cap.

  • Popular on energynews.pro
Brazil Mobilizes $1 Billion for 65 Hydropower Plants
BOEM validates final review for 30 offshore sales in the Gulf of America
India diversifies coking coal purchases, Australia retreats
Quebec allocates $1.5M to meet the demand for wind turbine technicians
Equinor, Shell and TotalEnergies launch the first subsea CO2 injection in Norway
CTCI wins TWD29.6bn contract for LNG regasification unit at Kaohsiung
CTCI strengthens its position in Taiwan with a new EPC contract for a regasification unit at the Kaohsiung LNG terminal, with a capacity of 1,600 tonnes per hour.
Exxon expects 20% increase in global natural gas demand by 2050
Exxon Mobil forecasts sustained growth in global natural gas demand by 2050, driven by industrial use and rising energy needs in developing economies.
Capstone secures 5.8 MW order in Mexico with major food manufacturer
Capstone Green Energy received a 5.8-megawatt order for its natural gas microturbines, to be deployed across multiple food production facilities in Mexico through regional distributor DTC Machinery.
Harvest Midstream acquires MPLX gas assets in western US for $1bn
Private firm Harvest Midstream has signed a $1 billion acquisition deal with MPLX for gas processing and transport infrastructure across three western US states.
Sempra Infrastructure and EQT sign 20-year deal for Texan LNG supply
Sempra Infrastructure and EQT Corporation have signed a 20-year liquefied natural gas purchase agreement, consolidating Phase 2 of the Port Arthur LNG project in Texas and strengthening the United States’ position in the global LNG market.
Subsea7 secures offshore contract up to $1.25bn with TP-OTC in the Black Sea
Subsea7 was selected to lead phase 3 of the Sakarya gas field, a strategic contract for Türkiye’s energy supply valued between $750mn and $1.25bn.
Japan challenges China’s installation of 21 gas platforms in the East China Sea
Tokyo protests against Chinese installations deemed unilateral in a disputed maritime zone, despite a bilateral agreement stalled since 2010.
Bp awards Baker Hughes a 90-month contract for Tangguh LNG in Indonesia
Bp has awarded Baker Hughes a long-term service agreement for the Tangguh liquefied natural gas plant, covering spare parts, maintenance and technical support for its turbomachinery equipment.
Sinopec deploys 65,000 Sercel sensors for 3D seismic survey in Mexico
Chinese group Sinopec has launched a large-scale seismic imaging campaign across 3,000 km² in Mexico using nodal technology from Sercel, owned by Viridien, delivered in August to map areas with complex terrain.
CNOOC signs two gas exploration contracts in Indonesia with EnQuest and Agra
CNOOC Limited has signed two production sharing contracts with SKK Migas to explore the Gaea and Gaea II blocks in West Papua, alongside EnQuest and Agra.
AMIGO LNG signs 15-year deal with Macquarie for 0.6 MTPA of LNG
Australian group Macquarie partners with AMIGO LNG for an annual supply of 0.6 million tonnes of liquefied natural gas over fifteen years, with operations expected to start in 2028 from the Guaymas terminal in Mexico.
ONEOK and partners launch Eiger Express project to link Permian to Gulf
A consortium led by ONEOK is developing a 450-mile pipeline to transport up to 2.5 billion cubic feet of gas per day from the Permian Basin to the Gulf Coast.
AMIGO LNG awards Drydocks World the construction of the world’s largest FLNG
AMIGO LNG has awarded Drydocks World a major EPC contract to build the world’s largest floating LNG liquefaction terminal, aimed at strengthening exports to Asia and Latin America.
Canadian Utilities secures AUC approval for Yellowhead gas pipeline project
The Alberta Utilities Commission approves the Need Assessment Application for the Yellowhead Pipeline, marking a key step for Canadian Utilities, a subsidiary of ATCO. The project foresees significant economic benefits for the province.
Nigeria LNG Signs 20-Year Deal to Secure 1.29 Billion Cubic Feet of Gas
Nigeria LNG signs major deals with oil groups to ensure gas supply to its liquefaction infrastructure over two decades.
The European Union seals a $750 billion deal on American energy
The European Union and Washington have finalized an agreement setting $750 billion in U.S. gas, oil and nuclear purchases, complemented by $600 billion in European investments in the United States by 2028.
Sempra and ConocoPhillips Strengthen Partnership on Port Arthur LNG Phase 2
Sempra Infrastructure and ConocoPhillips signed a 20-year LNG sales agreement for 4 Mtpa, confirming their joint commitment to expanding the Port Arthur LNG liquefaction terminal in Texas.
Russia increases gas deliveries to China despite oil decline
Russian pipeline gas exports to China rose by 21.3% over seven months, contrasting with a 7.6% drop in oil shipments during the same period.
MCF Energy restarts gas drilling at the former Kinsau-1 well in Germany
MCF Energy continues operations at the Kinsau-1A drilling site, targeting a promising Jurassic formation first tested by Mobil in 1983.
Woodside accelerates LNG and dividends, adjusted capex and key projects advance
The group announces an interim dividend of 53 cps, production of 548 Mboe/d, a unit cost of $7.7/boe and major milestones on Scarborough, Trion, Beaumont and Louisiana LNG, while strengthening liquidity and financial discipline.

Log in to read this article

You'll also have access to a selection of our best content.

or

Go unlimited with our annual offer: €99 for the 1styear year, then € 199/year.

SUBSCRIBE - €99