Kjetil Hove, Executive Vice President at Equinor, is responsible for the company’s operations on the Norwegian shelf.
He told the newspaper Klassekampen that the most important thing that the company could do for Europe was to supply oil and gas to the continent.
While a number of European countries are working on cutting dependence on Russian gas, Hove believes that Norwegian gas can play an important role for a long time.
“We believe Europe will need gas for many decades to come. We believe Norwegian gas is very well positioned because we have low costs, and the infrastructure has already been developed,” he said.
Low CO2 emissions in oil and gas production can also be an important advantage.
“Yes, the world is transforming and adopting other energy sources, but in a transitional period, you will still need oil and gas. If we can be competitive and have the lowest possible CO2 footprint in production, then that is what the world needs, we believe.”
Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance
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