“Natural gas is an attractive energy source for the future,” said Rune Bjørnson, StatoilHydro’s executive vice president for natural gas during a press seminar in Oslo on Thursday, 24 September.
StatoilHydro is currently the second largest supplier of gas to Europe, and the group helps secure a stable supply of energy to Europe through export of gas from the Norwegian continental shelf (NCS) , as well as holding significant international gas positions in Algeria, Azerbaijan and in the USA.
Rune Bjørnson put matters into perspective, pointing out the formidable growth in natural gas consumption in Europe from the 1960s to the present day. Fifty years ago, gas consumption was practically nil. Today, gas accounts for around 25 per cent of Europe’s total energy supply.
Natural gas currently accounts for 23 per cent of the total value of Norwegian exports. The value of gas exports reached NOK 218 billion in 2008, while total Norwegian exports were NOK 958 billion.