Norway just officially overtook Russia as western Europe’s top gas supplier — which suggests that EU’s attempt to move away from Moscow gas is working, according Reuters. During the first quarter of 2015, Norway exported 29.2 billion cubic meters (bcm) to western Europe, according to Norwegian state operator Gassco figures. Meanwhile, Russia sold 20.29 billion bcm, according to Gazprom figures. The trend towards Norwegian gas already began in the fourth quarter of 2014 when Europe bought 29.5 billion bcm, and 19.8 billion bcm from Russia, according to numbers from the two state gas companies. That being said, it’s important to …read more
Source: Business Insider
