The oil and gas giant from Norway was able to “take back the crown” owned by the Russian company, Bloomberg notes.
During the two years of the war in Ukraine, the Norwegian company almost completely replaced the Russian one. Gazprom in the field of gas supplies in Europe. Bloomberg reported this on Monday, May 13.
Energy prices have skyrocketed due to Russia’s invasion of Ukraine, but now the Norwegian oil and gas giant Equinor has managed to “de-crown” Russian ownership. Gazprom.
Norway currently supplies 30% of the bloc’s gas. Moreover, before the invasion of Ukraine began Gazprom supplied about 35% of all gas in Europe.
Of the more than 109 billion cubic meters of natural gas Norway exported to Europe last year, Equinor sold about two-thirds. This is enough to power Germany until 2026, the media added.
Equinor’s head of midstream, marketing and processing, Irene Rummelhoff, said the company’s appeal had changed significantly due to declining flows from Russia.
Let us remind you that Russian Gazpromwhich suffered a loss for the first time in 25 years, which was also the largest in the company’s history, began selling off its assets.
Source: korrespondent
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