Image Source: The Daily Herald
Most of the UK’s gas imports from Norway were threatened by strikes, but they have been suspended. According to the Norwegian Labor Ministry, the planned industrial action for later this week was stopped.
“Workers are returning to work as soon as they can. The anticipated escalation is being canceled, “Lederne union leader Audun Ingvartsen informed Reuters.
The UK has no gas supply problems, stated the Department for Business. However, according to ONS data, the UK imports over 50% of its gas, with Norway accounting for 77% of imports.
Due to the conflict in Ukraine, several nations are reducing their reliance on Russian energy supplies, and Norway, Europe’s second-largest energy provider behind Russia, is in high demand.
Following a salary disagreement between the union that represents oil and gas workers, Lederne, and the employer’s organization, the Norwegian Oil and Gas Association, the industrial action got underway on Monday.
Three of the Norwegian energy corporation Equinor’s oil and gas fields had to be shut down due to the first phase. In addition, three further Equinor facilities were likely to be impacted by additional strikes on Tuesday night.
The union threatened to begin new strikes if the disagreement was not settled by Saturday. However, Marte Mjoes Persen, the minister of labor, told Reuters that the government had used its power to intervene.
Easington in Yorkshire and St. Fergus in Scotland are the two terminals where Norwegian gas enters the UK. Because the Sleipner field, a crucial hub for gas exports to the UK, would have been temporarily blocked due to the planned strike on Saturday, this would have impacted UK supplies.
But even though the proposed strike action would only have affected Easington’s operations, Gassco said that it was by far the more important of the two because it received 80 to 90 percent of its gas from Norway.
Gassco transports gas to other European nations, including Germany and Belgium. Up to 170 million cubic liters of gas, or around half of the company’s daily delivery volume, are estimated to have been blocked from being delivered by a walkout.