In this period of energy crisis and geopolitical uncertainties, it is better to control your back.
Or its gas pipelines.
This is the bias of Norway, the leading supplier of gas to the European Union and Great Britain.
Oslo plans to nationalize most of its gas pipeline network to strengthen control of this key infrastructure, the Norwegian Ministry of Petroleum and Energy said on Friday.
Many of the current concessions will expire in 2028 and
“the state intends to use its right of repatriation when the licenses end,”
so the heart of Norway's gas transmission system will belong
“entirely”
to it , a he specified.
The gas pipeline network, which cost billions to build, is owned by Gassled, a joint venture created by oil companies producing gas off Norway and now nearly 50% owned by the state.
Gassled owns processing plants as well as the majority of gas pipelines, a network of nearly 9,000 km that transports Norwegian gas to the EU and Great Britain.
Oslo became Europe's main gas supplier following Russia's invasion of Ukraine.
“Norwegian oil policy is based on combined private and state ownership, and it works well”
, was surprised the CEO of Silex Gas, one of the owners of Gassled, while assuring, like other partners, that he would collaborate with the Norwegian government to find “
the right solution”
.
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