Norway apos;s Aker BP Wants quot;price Floor quot; In European Gas Supply Deals
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Otherwise, they would not agree to a whole package of measures up for approval, which also include launching joint gas purchases by the bloc and speeding up permitting procedures for renewable energy sources.
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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.
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The four countries cannot block an agreement on their own. But they could if they build a broader coalition among most of the EU states that have been calling for months for a gas cap to bring down high market prices.
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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.
24, according to four diplomatic sources. The four countries told a meeting of national envoys to the European Union that they wanted a comprehensive proposal on the cap from the EU's executive European Commission before Nov.
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.
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The disagreement weakens the EU's response to an acute energy crunch, related to Russia's war against Ukraine and driving record-high inflation in the bloc, which now faces a new recession before it has had time to fully recover from the COVID pandemic.
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