From
www.reuters.com –
CERAWEEK-Europe gas supplies to stay tight 2 more winters, Equinor CEO says
Excerpt:
Europe will struggle over the next two winters to replace Russian natural gas supplies as China’s appetite for the fuel recovers, the chief executive of Norwegian energy giant Equinor (EQNR.OL) told Reuters on Tuesday.
Equinor became Europe’s top natural gas supplier last year after exports from Russia were mostly choked off following Moscow’s invasion of Ukraine. The company increased gas output by around 8% in 2022 to supply the continent, Anders Opedal said.
Europe cut demand, increased domestic output and imported liquefied natural gas (LNG) at huge cost in response to the drop in Russian gas supplies, which accounted for around half of the region’s supply in 2021.