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Norweigan gas cannot replace Gazprom, warns Statoil boss

17.06.14 @ 13:49

  1. By EUOBSERVER

Norway's Statoil could increase supplies to the EU but not completely replace Russian gas, the company's CEO Helge Lund said Tuesday after Russia cut supplies to Ukraine following a price dispute, Reuters reports. Statoil's 14 percent market share makes it the second largest supplier of natural gas to Europe.