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Home»EUROPE»Norway is an alternative to Russian Gas with conscience issues
EUROPE

Norway is an alternative to Russian Gas with conscience issues

By euro7April 6, 2022No Comments4 Mins Read
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Norway, an alternative to Russian gas with conscience problems
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The series will be available in 2015 “Occupied”Narrated how NorwayRussia invades the country after it decides to stop the exploitation fossil fuels. The green government, which had been elected, promoted clean energy. This included nuclear with thorium. It is a chemical element that is less dangerous than plutonium and uranium. The EU was dependent on Norwegian oil and gas to power its economy in the series. supported the Russian occupier to return to the “status quo”.

Today, what seemed seven years ago like an imaginative political thriller has taken on the reality of today. The Russian invasion of Ukraine, February 24, 2004. Although the reasons may be different, energy dependence is the exact same. Norway is again the most important producer of oil and gas in Western Europe. Current imports of gas from the EU amount to between 20 and 25% Norwegian, and 45 to 50% Russian. Over half (55.6%) of Norwegian exports are to the United Kingdom and Belgium. Only 2% of the product is exported to GermanyAccording to Nordea Market

The US is responsible for 44% and Russia for 16% of all world gas exports. Norway contributes 2.5%.But, it is essential to produce it in order to limit Moscow’s energy dependence that would allow the Kremlin. Our money can finance war.

This Nordic country with 5.3 million people is a rich source of oil and gas exports. It has been a major contributor to the North Sea’s wealth since the late 1960s, when the first North Sea deposits were discovered. The hydrocarbons contribute40% of its exports are exported and 40% of the population is employed.

Norway will be able to increase its gas production during summer. This is usually when companies reduce their production to meet low demand. Norwegian organizations have estimated that if the current rate is maintained the year will end with an export of 123,000,000,000 cubic meters, which is 5% more than 2017’s record This is almost 9% more than 2021.

“Norwegian companies supply as much as they can and adjust to supply even more. But we cannot increase the volume significantly”, the Norwegian Prime Minister, Labor, warned a few days ago in Oslo. Jonas Gahr StøreDuring the visit of the German Economy Ministry Robert Habeck. The Russian bear is looking for alternative suppliers.

The words of the Nordic countries’ authorities do not seem to suffice for the Ukrainian president. Volomir Zilensky made a speech last week to the Norwegian Parliament calling for “ensuring long-term, responsible management of revenues oil and natural gas resources, so this wealth benefits both present and future generations.”

Norway, just like the Twenty Seven, has provided military support to Kiev and joined the sanctions against Russia. The fact that Norway has become rich through a tragedy such as the war raises questions among the population and authorities of the Nordic country that awards each year the Nobel Peace Prize. Based on estimates, oil and gas exports could generate profits of around $1.5 billion. from €29 billion to €179 billionRussia could be expelled from the energy market. He admitted to TV2 that there are times when earning money is difficult and this was one of them. Norwegian Minister of Oil and Energy.

A national debate has erupted about whether these huge profits should be invested in Ukraine’s reconstruction instead of in what is called the Global Government Pension Fund. This fund, which Norway invests in hydrocarbon wealth, is a type of piggy bank. for the new generations. This formula has been a success and prevented the Nordic nation from falling under what is called the “oil curse”, which is an economy that is entirely dependent on black gold.

As a first step, Gahr Støre has promised that the oil fund, the world’s largest sovereign wealth fund, will withdraw from the Russian market, where it holds government bonds andShares in 47 companies

Europe natural gas Norway Petroleum Russia Ukraine war in ukraine
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