Wednesday, March 29, 2023

028 - Norway energy exports to EU were at the limit. Why to blow Nordstream then?

PREFACE/ISSUE

NORWAY HAS BEEN ALREADY RUNNING AT THE MAX PRODUCTION/EXPORT CAPACITY TO BRING ENERGY TO EU. 



THERE IS ANOTHER ISSUE HERE, PIPED DEALS ARE LONG TERM, 10 YEARS AND LONGER OFTEN WITH FIXED PRICE. BLOWING UP COMPETITOR´S PIPELINE WOULD NOT CHANGE EXISTING CONTRACTS.

THERE IS NO GAIN FOR NORWAY TO RISK POLITICAL BACKSLASH AND THEIR BEST PROFITS EVER.

NORWAY HAS NOT BEEN THE DRIVING FORCE BEHIND SANCTIONS AGAINST RUSSIA, HAS OFTEN ADOPTED SANCTIONS CREATED BY USA, UK AND EU.


22 Feb 2022 - Norway to back EU sanctions on Russia

Non-EU member Norway said on Tuesday that it will join Brussels' sanctioning of Russia over Ukraine and will host major NATO exercises in March as planned.

5 June 2022Norway calls off gas strikes that risked UK supply

The UK imports about 50% of its gas and Norway is its biggest supplier making up 77% of imports, ONS data shows.

The Department for Business said: "We have one of the most reliable and diverse energy systems in the world, with access to our own North Sea gas reserves, and the second largest LNG port infrastructure in Europe." 

7 August 2022 - UK on brink of energy disaster as Norway could cut power to Britain over ‘lack of rain’

7 Aug 2022 - ‘Norway first!’ Panic as UK's BIGGEST importer of gas poised to cut supplies off


NORWAY, a major energy supplier for Britain, is facing growing pressure to cut off gas and electricity exports to the rest of the world.

Norway is responsible for over 60 percent of the total gas demand, being the single biggest supplier of gas to the UK.

Given that most interconnectors are in the south of Norway, both ends of the country face extreme disparities when it comes to energy prices. While electricity in northern households can cost €2 per megawatt (£1.69), families in the southwest of the country can pay a staggering €550 per megawatt (£464).

This has led to Olso’s government facing pressure from campaigners, calling on Norway to cut itself off from Europe.

The cost of gas and electricity in the UK is at an eye-watering level, despite the fact that Britain imports very little energy from Russia. This is because both the UK and its major gas supplier Norway, are part of the open market, meaning that prices in the rest of Europe affect the UK. Britain is connected to Norway via a 450-mile interconnector that joins Blyth, Northumberland to Kvilldal power station through cables that run through the North Sea.

8 August 2022 - Norway threatens to ration electricity in fresh blow for UK and European energy supplies

Norway has drawn up plans to ration electricity exports in a move that has heightened fears of energy shortages in the UK and Europe this winter.... 

15 August 2022 - Norway makes record profits from war

After the summer break, the Chancellor's first trip goes north. As the second largest gas supplier to Germany and the EU, Norway is benefiting from the Russian war of aggression. The country has the largest foreign trade surplus ever, but the pipelines are reaching their limits.

 From January to April of this year, Norway exported almost 15 billion cubic meters of natural gas to Germany, almost twice as much as in the same period of 2021. The Scandinavian country was thus able to replace part of the imports from Russia. Three out of seven Norwegian export pipelines lead to Germany.

The country is currently delivering more gas to the EU than ever before. After the Russian invasion of Ukraine, the Norwegian Ministry of Energy adjusted the production licenses for three large offshore fields so that even more natural gas can be produced there. However, the production and pipeline capacities are currently being utilized to the full and are reaching their limits.

16 August 2022 - Norway agrees to sustain maximum gas deliveries to Germany
Norway has agreed to continue to export as much natural gas as it can to Germany in order to help reduce fossil fuel dependence on Russia, the two countries' leaders told journalists on 15 August in Norway’s capital Oslo.

Norway would be delivering “the maximum of what we can” deliver, prime minister Jonas Gahr Store said during an official visit to the country by German chancellor Olaf Scholz. “But we cannot just politically decide to deliver more,” Store said, adding that “anything that can be turned into energy will be turned into energy.”

Chancellor Scholz said Germany is “thankful” for Norway’s contribution and its readiness to expand exports “as much as possible.” Scholz said Germany and the Scandinavian country would further deepen their energy and climate cooperation across the board, including offshore wind power, solar energy, hydrogen and carbon capture and storage (CCS).

27 August 2022 - Norway adopts EU's updated sanctions against Russia

The European Council’s seventh package with restrictive measures on Russia was adopted on July 25. Now, Oslo joins and the set of incorporated sanctions became part of Norwegian law on Friday, August 26. 

Norway has followed all EU sanctions with exception of larger fishing vessels sailing under Russian flag that still can call on ports in Norway.

Ukraine has called on Norway to remove those exceptions, but Oslo argues it is important for maintaining the bilateral regulations of marine resources in the Barents Sea.

The two countries have for decades managed to preserve sustainable stocks of fish, especially cod..

30 Sept 2022 - The Prime Minister ok DK travels to London and Brussels to discuss the destruction on Nord Stream 1 and 2.

The trips to London and Brussels follow talks with a number of heads of state and government, including a video conference with the German Chancellor, Olaf Scholz, the Norwegian Prime Minister, Jonas Gahr Støre, and the Swedish Prime Minister, Magdalena Andersson, who leads the Swedish transitional government. 

3 Oct 2022 - Norway Deploys Soldiers At Oil, Gas Plants In Wake Of Nord Stream Leaks


The Norwegian Home Guard, a rapid mobilization force, on October 3 began to deploy troops at plants responsible for processing and exporting oil and gas.

 "The purpose is to assist the police in averting and preventing punishable or unwanted incidents in Norway," it said in a statement.

2 Feb 2023 - Equinor: sanctions prevented survey of damaged Nord Stream pipeline


Gazprom tops the list as the Norwegian Oil Fund's investments in the Russian majority state-owned corporation were worth $74 million.


SUMMARY:

-> NORWAY DOES NOT SEEM TO QUALIFY AS A HIGH PROBABILITY SUSPECT

 

-> "IF YOU ELIMINATE ALL IMPOSSIBLE, WHAT IS LEFT, EVEN MOST IMPROBABLE, MUST BE THE TRUTH" 

 ... A post about deductive reasoning of who are the most probable suspects is here.

 -> Norway reacted very slow and started to defend/protect its infrastructure against possible similar attacks and/or what looks like possible Russian retaliation.


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