Sunday, May 22, 2022

Poland Wants Norway To Share Its Oil And Gas Profits Windfall

The Oseberg A offshore gas platform operated by Statoil ASA stands in the Oseberg North Sea oil field 140kms from Bergen, Norway. , Photographer: Kristian Helgesen/Bloomberg  

Bloomberg: Polish PM Calls on Norway to Share Oil and Gas Profits Windfall 

(Bloomberg) -- Norway should share the “gigantic” profits it’s recently made as a result of higher oil and gas prices, especially with Ukraine, said Polish Prime Minister Mateusz 

Morawiecki. Morawiecki, answering a question about his government’s energy policy Sunday at a meeting of a youth group, said coal-reliant Poland plans to switch to renewables and nuclear energy, while shedding oil and gas deliveries from Russia and at some point from “Arab” countries as well.  

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Update: Norway “should share gigantic gas and oil profits” from Ukraine war, says Polish PM (Notes From Poland)  

WNU Editor: Poland will be receiving natural gas from Norway later this year. I guess they want a better price. In the meantime Norway's oil sovereign fund has reached $1.3 trillion .... Can Norway’s $1.3 Trillion Oil Fund Actually Give Up Oil? (Institutional Investor).

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