Bloomberg: Norway Sees Stable Russia Gas Supply to EU Beyond Ukraine Crisis

Norway, Europe’s largest gas supplier after Russia, said it expects Russia to remain a stable exporter to the continent in coming decades as tensions over Ukraine escalate.

“We’ve seen that Russia -- even during the Cold War -- was a stable exporter of gas to Europe,” Norway’s Petroleum and Energy Minister Tord Lien said in an interview in Oslo yesterday. “We have no indication that won’t be the case in the coming years and decades.”

The European Union depends on Russia for 30 percent of its gas consumption. About half of that transits through Ukraine, which has become the center of the biggest crisis between Russia and the U.S. and its European allies since the Cold War.
MORE