CNN: Norway’s government steps in to end oil and gas strike, averting a new energy shock for Europe
London CNN Business — Norway has intervened to end a strike by oil and gas workers, the country’s government said in a statement late Tuesday, citing concerns about Europe’s energy crisis amid Russia’s war in Ukraine.
Natural gas prices spiked after Norwegian oil and gas workers went on strike over a pay dispute Tuesday, shutting three fields in the North Sea and threatening to escalate action over the course of the week.
Norway is Europe’s second-largest energy supplier after Russia and the strike had pushed gas prices to their highest level in four months.
The Norwegian government has proposed a compulsory wage arbitration to settle the dispute, the statement said.
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WNU Editor: The pressure that was put on the Norwegian government to immediately end this strike by European governments was enormous.
Norwegian Government Halts Oil And Gas Strike Averting A Disastrous Energy Shock For Europe
European gas prices fall after Norway’s government steps in to end oil and gas strike -- CNBC
Norway halts strike that threatened gas supplies to Britain -- The Guardian
European Gas Prices Ease as Norway's Govt. Ends Oil and Gas Workers' Strike -- Investing.com
All Oil and Gas Fields Affected by Norway Strike to Be Fully Back up in Days - Equinor -- Reuters
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