Monday

25th Jul 2016

Ticker

Norweigan gas cannot replace Gazprom, warns Statoil boss

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.

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