Bloomberg: UK Negotiates With Norway On Long-Term Gas Supplies

According to sources cited by Bloomberg, UK is in discussions with Norway to finalize a long-term gas supply arrangement amid the possibility of an energy outage this winter.

The agency stated in a report that « Britain is talking with Norway for a natural gas supply contract, maybe for 20 years. »

The source added that British officials and Norwegian counterparts are presently debating the contract’s price. The UK Department of Energy refused to comment.

Due to the lengthy potential contract and high market pricing, the deal might put the UK in danger of having to spend enormous sums of money on energy.

British Prime Minister Liz Truss stated on Tuesday that in addition to increasing domestic energy output, the government was also thinking about « long-term energy arrangements with other countries. » She continued, « I have not yet signed any deal, though. »

source: bloomberg.com

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