Eirik Warness, senior vice president of Norwegian oil and gas company Equinor, said that Norway cannot completely replace the Russian Federation in the European energy market. It has been reported DEA News.
“No, not at all,” said Warness.
Thus, Norway answered the question of whether it could replace Russia in the European gas market.
Earlier it was known that the volume of offshore oil supplies from the Russian Federation in the week of February 24 – March 3. collapsed reached 3.11 million bpd, which is 14% (or 526k bpd) less than a week ago.
All of the decrease was in the ports of the Pacific region, with shipments from the Baltic and Black Sea terminals unchanged compared to the figures recorded a week ago.
Earlier, the head of the Estonian Ministry of Foreign Affairs, Urmas Reinsalu, said that EU countries should decide to lower the ceiling price of Russian oil to $30 per barrel by the end of March.
The previous day, the head of European diplomacy, Josep Borrell, said that this fuel market would be “very unstable” if all countries refused to buy oil from Russia.