Norway apos;s Aker BP Wants quot;price Floor quot; In European Gas Supply Deals
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| - | By Nerijus Adomaitis<br> OSLO, Nov 11 (Reuters) - European buyers of Norwegian natural gas should commit to paying a minimum price if they want to obtain long-term supply deals that prevent price spikes like those seen this year, the chair of Norwegian producer Aker BP told Reuters.<br> Gas prices in Europe have soared to record highs and are currently up fivefold from levels seen in the first half of 2021 as Russia squeezes supplies following its invasion of Ukraine.<br> Norway is now the biggest exporter of natural gas to the European Union, accounting for around a quarter of imports, and remains the largest supplier to Britain, boosting the earnings of Norwegian energy companies as well as state coffers.<br> The EU and Norway have agreed to form a working group to discuss ways to stabilise gas prices, but sales are ultimately a transaction between companies, not governments.<br> Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate the energy crisis because they are angry that a gas price cap is not among detailed proposals, diplomats said.<br> Aker BP would like to see a "price floor" as a condition of entering into long-term deals that also limit the upside, but has failed so far to find takers for such deals, the board chair of Norway's second-largest oil and gas producer said.<br> "The buyers want a price ceiling, but not a floor. Selling the upside without any downside protection is not an attractive instrument," Oeyvind Eriksen said.<br> "As producers, we are interested in as long contracts as possible, as long as we get a fair value with a robust return over time," he added.<br> Eriksen has said previously that a price cap would likely lead to reduced supply and higher demand, effectively worsening the crisis.<br> Making long-term commercial deals possible would require EU governments to provide support, Eriksen said, as no private counterparty is currently willing to commit to long-term prices for gas.<br> Norway's Equinor, which sells about 70% of Norway's gas output, has said European buyers should be prepared to pay high prices for years to come amid supply shortages.<br><br>(Reporting by Nerijus Adomaitis, editing by Terje Solsvik, Kirsten Donovan)<br><br><br><br>If you adored this article and you also would like to get more info relating to [https://en.volos-minivan.eu/ATHENS-0000000310-rafina-to-Vergina-airport-taxi-cost.html rafina to Vergina airport taxi cost] nicely visit the webpage. | + | Cruise ship worker spills the secret areas nobody knows... You've been pouring milk and juice cartons wrong your whole... Flight attendant spills the ONE thing thousands of... Young traveller, 22, shows off what it's really like flying...<br><br>Property hunters will be dazzled after £2million was dropped off the asking price of a manor house in South Wales with a neo-Grecian temple, an underground games room, 75 acres of peacock-dotted land and taxi prices Tailor Made Tour a tennis court.<br><br>OSLO, Nov 11 (Reuters) - European buyers of Norwegian natural gas should commit to paying a minimum price if they want to obtain long-term supply deals that prevent price spikes like those seen this year, the chair of Norwegian producer Aker BP told Reuters.<br><br><br><br><br><br>Matt-urday night fever! Hailey Bieber celebrates being featured on one of the covers... Matt Hancock shows off his dad... Harry Kane joins wife Katie in the stands while Jack... Heidi Klum, 49, puckers up with daughter Leni,...<br><br>Under the memorandum of understanding signed on Thursday on the sidelines of a liquefied natural gas (LNG) conference in Athens, Greece's DESFA, Bulgaria's Bulgartransgaz, Hungary's FGSZ and Romania's SNTGN Transgaz agreed to begin talks on regulatory and economic aspects of the corridor, DESFA said in a statement.<br><br>Belgium, Tailor Made Tour airport bus Greece, Vergina greece taxi fare to airport Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate the energy crisis because they are angry that a gas price cap is not among detailed proposals, taxi price Tailor Made Tour to airport diplomats said.<br><br>Aker BP would like to see a "price floor" as a condition of entering into long-term deals that also limit the upside, but has failed so far to find takers for such deals, the board chair of Norway's second-largest oil and gas producer said.<br><br>Tom Cruise TERRIFIES James Corden while flying him around... 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Tom Hiddleston marvels at 'unprecedented' success of...<br><br>Norway is now the biggest exporter of natural gas to the European Union, accounting for around a quarter of imports, and remains the largest supplier to Britain, boosting the earnings of Norwegian energy companies as well as state coffers.<br><br>"In coordination with DESFA, we have the opportunity to increase this capacity (to) up to 5 billion cubic meters per year," two senior executives at ICGB said, adding this should happen along with the commissioning of the LNG terminal off Alexandroupolis due in 2024.<br><br>Eternal Dance Media had a tax bill of just under £90,000, which suggest they made a profit of £450,000, compared to the tax bill of £210,000 the previous year, which would have meant profits in excess of £1 million.<br><br>ATHENS, Dec 1 (Reuters) - Greece, Bulgaria, Romania and Hungary agreed on Thursday [https://en.volos-minivan.eu/ATHENS-0000000007-how-to-get-to-greece.html how to get to greece] upgrade the interconnection and transport capacity of their gas grids, part of their long-standing efforts to diversify gas sources and boost their role in Europe's energy supply chain.<br><br>In 2016, the four countries agreed to develop the necessary infrastructure for the realisation of the so-called Vertical Gas Corridor, which will enable bidirectional gas flows from Greece to northern Europe, through Bulgaria, taxi online Volos Airport greece Romania and Hungary.<br><br>"(It) is an important step towards the implementation of the Vertical Corridor, a project that will significantly contribute to the supply security of the wider region," Chief Executive of DESFA Maria Rita Galli said in the statement.<br><br>ICGB, the owner of a second gas link between Greece and Bulgaria (IGB) - a key part of the Vertical Gas Corridor which began operations this year - and Gastrade, rafina to Thessaloniki airport taxi cost the developer of a floating storage and taxi prices Meteora greece regasification unit off the northern Greek port of Alexandroupolis, also signed the agreement on Thursday. |
Revisión de 13:37 25 feb 2023
Cruise ship worker spills the secret areas nobody knows... You've been pouring milk and juice cartons wrong your whole... Flight attendant spills the ONE thing thousands of... Young traveller, 22, shows off what it's really like flying...
Property hunters will be dazzled after £2million was dropped off the asking price of a manor house in South Wales with a neo-Grecian temple, an underground games room, 75 acres of peacock-dotted land and taxi prices Tailor Made Tour a tennis court.
OSLO, Nov 11 (Reuters) - European buyers of Norwegian natural gas should commit to paying a minimum price if they want to obtain long-term supply deals that prevent price spikes like those seen this year, the chair of Norwegian producer Aker BP told Reuters.
Matt-urday night fever! Hailey Bieber celebrates being featured on one of the covers... Matt Hancock shows off his dad... Harry Kane joins wife Katie in the stands while Jack... Heidi Klum, 49, puckers up with daughter Leni,...
Under the memorandum of understanding signed on Thursday on the sidelines of a liquefied natural gas (LNG) conference in Athens, Greece's DESFA, Bulgaria's Bulgartransgaz, Hungary's FGSZ and Romania's SNTGN Transgaz agreed to begin talks on regulatory and economic aspects of the corridor, DESFA said in a statement.
Belgium, Tailor Made Tour airport bus Greece, Vergina greece taxi fare to airport Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate the energy crisis because they are angry that a gas price cap is not among detailed proposals, taxi price Tailor Made Tour to airport diplomats said.
Aker BP would like to see a "price floor" as a condition of entering into long-term deals that also limit the upside, but has failed so far to find takers for such deals, the board chair of Norway's second-largest oil and gas producer said.
Tom Cruise TERRIFIES James Corden while flying him around... Lana Del Rey dresses casually in denim and flip flops as she... Will Poulter talks body transformation for Guardians of the... Tom Hiddleston marvels at 'unprecedented' success of...
Norway is now the biggest exporter of natural gas to the European Union, accounting for around a quarter of imports, and remains the largest supplier to Britain, boosting the earnings of Norwegian energy companies as well as state coffers.
"In coordination with DESFA, we have the opportunity to increase this capacity (to) up to 5 billion cubic meters per year," two senior executives at ICGB said, adding this should happen along with the commissioning of the LNG terminal off Alexandroupolis due in 2024.
Eternal Dance Media had a tax bill of just under £90,000, which suggest they made a profit of £450,000, compared to the tax bill of £210,000 the previous year, which would have meant profits in excess of £1 million.
ATHENS, Dec 1 (Reuters) - Greece, Bulgaria, Romania and Hungary agreed on Thursday how to get to greece upgrade the interconnection and transport capacity of their gas grids, part of their long-standing efforts to diversify gas sources and boost their role in Europe's energy supply chain.
In 2016, the four countries agreed to develop the necessary infrastructure for the realisation of the so-called Vertical Gas Corridor, which will enable bidirectional gas flows from Greece to northern Europe, through Bulgaria, taxi online Volos Airport greece Romania and Hungary.
"(It) is an important step towards the implementation of the Vertical Corridor, a project that will significantly contribute to the supply security of the wider region," Chief Executive of DESFA Maria Rita Galli said in the statement.
ICGB, the owner of a second gas link between Greece and Bulgaria (IGB) - a key part of the Vertical Gas Corridor which began operations this year - and Gastrade, rafina to Thessaloniki airport taxi cost the developer of a floating storage and taxi prices Meteora greece regasification unit off the northern Greek port of Alexandroupolis, also signed the agreement on Thursday.
