Norwegian Government Supports Long-Term Gas Contracts

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.