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Norway prevents greater gas shortages: strikes at state energy company ended

The Norwegian government ended strikes at state energy company Equinor on Tuesday. This was announced by the Ministry of Labor of Norway and the trade union Lederne. The end of the strikes — used for higher wages — is good news for Europe’s energy supply. If the strikes had gone ahead as planned, major supplier Norway could export 56 percent less gas from Saturday.

On Tuesday, workers at three Equinor gas and oil fields laid down their duties. Personnel from seven other locations planned to join this week: shutting down another four gas and oil fields on Wednesday, and three more on Saturday. Before the strike ended, European gas prices rose to their highest level in four months. In recent years, Europe has obtained between 20 and 25 percent of its gas from Norway.

Yesterday afternoon, the Norwegian government said it had no intention of getting involved in the wage dispute. That has now happened, according to labor minister Marte Mjøs Persen because of the “dramatic impact” that strikes threatened to have “in the context of the current European situation”. She believes it is important that Norway maintains its reputation as a reliable and predictable energy supplier. A third party will determine whether and to what extent Equinor personnel are entitled to a pay increase.

Norway prevents greater gas shortages: strikes at state energy company ended
Source link Norway prevents greater gas shortages: strikes at state energy company ended

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