OSLO, Oct 28 (Reuters) – The price of gas in Europe will remain high for years to come following the cuts in deliveries from Russia, the chief executive of Norway’s Equinor said on Friday.
The company, which has this year overtaken Russia’s Gazprom as the biggest supplier of gas to Europe, early on Friday posted record third-quarter profits thanks to the spike in energy costs.
“The fundamental problem in Europe is a shortage of gas and there will be a shortage over time, and if Europe is to attract that gas it should expect to pay a high price in the coming years,” Chief Executive Anders Opedal told a news conference.
“Our contribution will be to produce as much as possible and our gas will remain valuable in the years ahead,” he said.
(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
Britain said on Tuesday it would block study visas for nationals from four countries and halt work visas for Afghans, using what it called an "emergency brake" to curb rising asylum cla...
Oil prices rose 1% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump raised the ...
Morning Briefing
Magisterial Inquiry Opened After Infant Found Dead in St Julian’sAn 11-month-old baby girl was found dead at her family home in St Julian’s late on Monday evening. Po...
Updated 1215
€11 Million Deficit Sparks Going-Concern Warning at University of Malta: The University of Malta posted a €11.17 million deficit in 2023, with liabilities exceeding asset...
The Socialists and Democrats (S&D) Group in the European Parliament has demanded urgent clarification from the European Commission over its participation in the first meeting of the ...
The rising cost of living has emerged as the major issue that Maltese citizens want the European Parliament to address, according to the latest Eurobarometer survey published today.
T...
Oil prices rose 1% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump raised the ...
Western governments are being urged to clamp down on cryptocurrency as new research suggests $350 billion has been laundered by criminals and hostile states using the technology in the p...
Vivian continues to widen its portfolio with the announcement of new representation agreements with worldwide R&D pharmaceutical companies. “These latest agreements crown a very succ...
Two local analysts have cautioned that any attempt by EU Member States to block or restrict the passporting of crypto-asset service providers (CASPs) authorised under the Markets in...
The Association of Tractor and Trailer Operators (ATTO) has warned that persistentcongestion, limited parking, and clashes with football events are making logistics at theGrand Harbour u...
“ATTO is not against plans to regenerate the Grand Harbour but all stakeholders need to engage in focused discussions to ensure guaranteed berths with adequate quay operations that do no...
Entrances to Iran's underground and previously bombed uranium-enrichment plant at Natanz have been struck as part of the U.S.-Israeli military attacks on the country, the U.N. nuclear...
The United States has warned that its military campaign against Iran will intensify, even as American diplomatic and military sites across the Middle East come under attack and Israel ex...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Ukraine will complete the technical work needed to open negotiations on all topics for its European Union accession process within days, President Volodymyr Zelenskiy said.
Zelenski...
More than 1,700 Africans are fighting for Russia in its war in Ukraine, Ukrainian Foreign Minister Andrii Sybiha said, adding that Moscow was using deception to trick them into fighting....
