‘Norway first!’ Panic as UK’s biggest gas importer facing pressure to cut off supplies


According to data from the Norwegian government, Norway is the main gas supplier to the UK, meeting around 60% of the nation’s entire consumption.
Rising civic unrest in Norway as a result of rising inflation and energy costs might put pressure on the government to halt energy exports to the UK and Europe, according to information provided to Express.co.uk. Although the UK only imports a tiny amount of energy from Russia, the price of gas and electricity there is exorbitant. Due to the fact that both the UK and Norway, a significant gas supplier, are participants in the open market, prices in the rest of Europe have an impact on the UK.
Although Norway is the UK’s top gas supplier, the nation is under increasing strain and is experiencing civil instability, which analysts fear may force Norway to restrict gas shipments to Europe and the UK.
The summer’s drought in Norway, according to Torbjorn Soltvedt, the principal analyst at the consulting firm Verisk Maplecroft, may have an effect on Europe’s energy security.
In response to European nations’ efforts to lessen their dependency on Russian gas, he told Express.co.uk, “Norway has expanded its supply of gas to the UK and Europe.
“Norway is one of the nations that had a very dry summer; as a result, water levels are considerably lower in terms of hydropower; as a result, Norway has had less hydropower; as a result, Norway has had to use more of its own gas; as a result, Norway has had less gas to export.”

RELATED: Norway to help ease pain of rocketing power prices on businesses

https://www.reuters.com/markets/europe/norway-help-ease-pain-rocketing-power-prices-businesses-2022-09-16/


Even the wealthiest nations in Europe are at increased risk of civil upheaval, according to a recent research by Maplecroft, in part because of the crisis in the cost of living and soaring energy prices.
These cover a wide variety of civil unrest, from protests and strikes by workers on the one hand to more serious manifestations like rioting, looting, and even efforts to topple the government on the other.
Soltvedt stated: “This summer, there were numerous strikes in many different industries across Norway, including the current teacher’s strike, rail strikes, and strikes in the aviation industry. This risk reflects more of an increase in labor action.
“Trade unions are pretty powerful in countries like Norway where there is a very high degree of unionization. When inflation is rising, you expect greater pressure from unions, and you’ll probably expect to see more of that this year.
A 450-mile interconnector connecting Blyth, Northumberland, to Kvilldal power station uses cables that cross the North Sea to link Britain and Norway.
The ability of the National Grid to maintain the lights in the UK when domestic electricity generation is low depends on this power station, which is the largest hydroelectric facility in Norway.
When asked if the government might feel pressured into limiting gas supplies as a result of rising costs and unrest, Mr. Soltvedt responded: “There is debate right now, and one of the main topics is the discussion surrounding energy costs and Norway’s energy exports—not just its gas exports but also its electricity exports via cables.

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