Norway

Norway prepares to limit gas sales to the EU and worsens energy crisis
Norway

Norway prepares to limit gas sales to the EU and worsens energy crisis

The Norwegian government has announced that it is planning to reduce energy exports to European Union countries. As one of the continent's main electricity providers, Oslo's retreat will further exacerbate the energy crisis that has intensified since Russia invaded Ukraine on 24 February. This Monday, the Norwegian Minister of Energy, Terje Aasland, said that the country will give priority to the security of its own energy reserves, which, if they fall below the minimum levels established, will lead Norway to suspend the sending of energy abroad. Norway produces much of its electricity through hydroelectric power plants, so if water levels fall below normal levels, the country will trigger a cut in exports, a possible scenario given that in the spring it rained less than anticipated, a...