Gas prices in Europe remain high in coming years


The price of gas in Europe will remain high in the coming years after the reduction of supplies from Russia, the head of Norway’s company Equinor Anders Opedal said, RIA Novosti reported.

The company, which this year overtook Russia’s Gazprom as Europe’s largest gas supplier, reported record profits for the third quarter thanks to a jump in energy prices.

“The fundamental problem in Europe is a shortage of gas, and that will continue, and if Europe wants to attract this gas, it will have to pay a high price in the coming years,” CEO Anders Opedal said at a news conference.  “Our contribution will be to produce as much as we can, and our gas will remain valuable in the years to come,” he said.

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