Norway Poised to Battle With Global Giants in German Gas Market
- New field discoveries needed to help maintain exports
- Russia builds new pipeline, while Qatar, U.S. eye LNG entry
Photographer: Thomas Langer/Bloomberg
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After supplying Europe’s biggest economy with natural gas for more than four decades, Norway is preparing to defend its share as the world’s biggest producers all vie for a larger slice of the $21 billion market.
Russia last week began building a second giant pipeline to Germany and U.S. President Donald Trump is turning up the rhetoric in an attempt to secure sales of liquefied natural gas. And Qatar, the biggest LNG producer, is discussing supply deals with the nation’s utilities in what’s gearing up to be the biggest battle in the market yet.