Analysts predict gas production in Norway to drop to 25% due to strikes

Gas production in Norway may be reduced by up to 25% until 9 July due to strikes. Such an opinion in a conversation with Lenta.ru expression energy expert Maxim Biryukov.

According to him, the situation may cause oil production to drop to 15%.

“It is possible for Norway to reduce gas production to 25% by Saturday, provided the strikes continue. If we talk about oil, then up to 15%,” Biryukov guessed.

The economist emphasized that the reduction in fuel production could be due to the suspension of supply through Russian gas pipelines.
It will cause an even bigger shock to the European gas market.

According to Biryukov, the strikes will not last long.

before 5th of July reportedNorwegian company Norwegian Oil and Gas may stop selling about 56% of its exports to other countries due to a strike by oil and gas industry workers. The company estimated probable losses at $182 million per day.

On the night of July 5, employees of oil and gas companies went on strike in Norway. Referring to a statement made by union leader Lederne, Reuters reported that they demanded higher wages.



Source: Gazeta

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