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    market news

    Norwegian Government Supports Long-Term Gas Contracts

    Investing News Network
    Oct. 18, 2012 10:27AM PST
    Oil and Gas Investing

    Reuters reported that Norway’s Oil and Gas Minister, has proposed long-term gas contracts as a way of safeguarding investment to have supply meet ongoing demand.

    Reuters reported that Norway’s Oil and Gas Minister, has proposed long-term gas contracts as a way of safeguarding investment to have supply meet ongoing demand.

    As quoted in the market report:

    I think in gas markets you need long-term predictability for producers and consumers because the investments in infrastructure and production are huge,” Norway’s minister for petroleum and energy Ola Borten Moe told Reuters on the sidelines of a conference in Oslo on Thursday.

    To view the whole Reuters report, click here.

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