The largest "gas source" in Europe, Norway intends to maintain high natural gas output until 2030

The Norwegian Petroleum and Energy Minister Tye Oscar said on the 23rd that Norway plans to maintain the high output of the current natural gas until 2030 to meet the needs of Europe's demand for Russia's natural gas substitution supply sources.

"I expect that we can keep the current level (natural gas) production level until 2030," Oscar said in an interview with Reuters. "We know that there are multiple development and operation projects and plans that are about to carry out, which will help continue to maintain natural gas. high production."

According to the forecast of the official Norwegian May, the Nordic country's natural gas production this year is expected to break the highest record set 5 years ago, reaching about 122 billion cubic meters, an increase of 8%over last year.

After the Ukrainian crisis was upgraded, Western countries imposed multiple rounds of sanctions on Russia, Russia's supply of natural gas on Europe was sharply decreasing. European countries started to formulate and implement plans to gradually get rid of energy such as Russia's natural gas, and many parties were looking for a source of replacement of supply. According to data from Lufute-Aikang, Norway has now replaced Russia and has become the largest source of natural gas supply in Europe.

Oscar said that the European Union and Norway signed an agreement in June to increase the import volume of Norway's natural gas, making him more convinced that Europe has "long -term demand" for Norwegian natural gas.

European natural gas prices have almost tripled this year and have refreshed records many times. Some market analysts and media suggested that Norway sells natural gas at a price below the market, but Norway is currently not intended.

Source: CCTV News Client

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