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Norwegian Government Supports Long-Term Gas Contracts
Oct. 18, 2012 10:27AM PST
Oil and Gas InvestingReuters 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.