Bloomberg News

Norway’s Stoere Says Crisis Puts EU Renewable Plans at Risk

October 20, 2011

(Updates with comment on Asia sales in fifth paragraph.)

Oct. 20 (Bloomberg) -- Norway’s Foreign Minister Jonas Gahr Stoere said Europe’s debt crisis puts the region’s plans to boost renewable energy use at risk and creates “uncertainty” for Norway’s natural-gas exports.

“For us the picture is that there’s more uncertainty,” Stoere said in an interview today in Oslo. “We’re still the supplier of an important energy resource to Europe, but it’s important to understand those changes in Europe so we can still play the role that we play today.”

Norway needs “to make gas even more of an attractive environmental alternative and it needs to fit into the infrastructure decisions Europe now takes on its road to renewable,” he said.

Norway is the second-largest supplier of natural gas to Europe after Russia.

The country also has the “possibility” to increase sales of liquefied natural gas to Asia, he said.

--Editor:

To contact the reporter on this story: Marianne Stigset in Oslo at mstigset@bloomberg.net

To contact the editor responsible for this story: Jonas Bergman at jbergman@bloomberg.net


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