FT: Norway’s electricity problems could exacerbate EU energy crisis

commentator Financial Times Richard Milne said Norway’s electricity problems could worsen Europe’s energy crisis.

Milne reminded that the winter and spring of 2022 are extremely dry in Norway, and the country’s water reserves are at an all-time low.

According to the observer, Norway plans to limit its electricity exports.

Milne writes in his article that this could be a problem for countries like the UK, Germany, and the Netherlands, as they have imported a significant amount of electricity from Norway via cables over the years.

Former Prime Minister of Norway Store estimated The country will face a difficult fate next year due to rising electricity prices and military conflicts in Ukraine. According to him, Norway has the resources to get through the crisis. In the south of the country, electricity prices rose sharply. At the same time, fears of international economic downturn and military action in Ukraine are growing.



Source: Gazeta

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