The Norwegian authorities will not explain to oil and gas firms to offer gas at diminished and preset rates in the EU. The country’s power minister, Terje Osland, wrote in a letter to Parliament, studies E24.
“The oil firms working on the Norwegian continental shelf work on a professional foundation … and the authorities will not impose contracts for the supply of gasoline with a preset rate below the sector for corporations”, – reported the head of the Ministry of Electrical power of Norway.
About 20 several years ago, the European Union independently abandoned extensive-expression contracts and selected the location market, where prices fluctuate every day, he observed. Terje Osland.
“In some durations it has presented EU nations low fuel price ranges, and in some intervals, like now, it has supplied bigger selling prices,” the minister extra.
Today the Prime Minister of the Czech Republic Pietro Fiala reported Prague is convening an unexpected emergency conference of EU electricity ministers to develop crisis actions. As described by the Fiscal Instances, the leaders of European purchasing firms are progressively in favor of lowering the rate of Norwegian gas. Its share in EU imports is all around 40%.
According to the London ICE exchange, fuel provides from the TTF exchange for September jumped now, August 26, to 3,500 dollars and stopped at 3,465 dollars per thousand cubic meters. At the exact same time, December and January deliveries are investing at nearly $ 3600. Since mid-June, when Nord Stream’s ability started to drop, charges have risen 4 periods.
Specialists be aware that the authorities subsidize customers, so they do not feel abnormal charges and demand from customers is not minimized at the necessary rate.
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