State-owned Statoil is strongly promoting the role of gas in Europe’s future energy mix as well as its own position as a reliable supplier to the continent, where it is competing with Russian rival Gazprom – currently the dominant supplier – for a bigger share of the market.
The escalating crisis in Ukraine after Russia’s annexation of Crimea could risk the European Union further reducing its appetite for Russian gas, having already curbed imports in recent years.
The
