Norway, not Russia, is now the E.U.’s leading natural gas supplier. But it faces accusations of “war profiteering.”
, only to spend 2022 hounding them for discounts on fossil fuel. But the war has changed the game, one E.U. official said, speaking on the condition of anonymity to discuss private conversations. Calling peace-promoting, aid-delivering Norway a war profiteer “punches them where it hurts.”
“We went from zero to hero in a short time,” said Kolbjorn Andreassen, communications manager for Offshore Norge, a Stavanger-based industry association. “I have seen low prices and high prices over the decades,” said Frode Leversund, chief executive of Gassco, a major Norwegian pipeline operator that sends gas to Europe. For now, Leversund said, he is focused on delivering gas.
Europe did not rush to Norway’s aid in 2014, when falling oil prices led to job losses and labor unrest, he said. “Who in Brussels said, ‘What can we do to help Norway?’ ”The conversation about war profiteering is playing out in parallel with a debate about the role of the sovereign wealth fund and what policymakers owe Norwegian citizens.estimate by Bruegel
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