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 Norway overtakes Russia as western Europe's gas supplier

It was the first time Norwegian exports have convincingly overtaken Russia's since a brief period in 2012.

Censor.NET reports citing Rosbalt.

The EU has been striving to reduce its dependence on Russian imports and buy more from Norway and other gas producers, mindful of Russia's dispute with Ukraine, the biggest transit route for Russian exports to the EU.

Norway exported 29.2 billion cubic metres (bcm) to western Europe in the first quarter of this year, figures from Norwegian state operator Gassco show, while Russia sold 20.29 bcm, according to data from Gazprom's regulatory filing and Gazprom officials.

The data showed the trend began in the final quarter of 2014 when western Europe bought 29.5 billion bcm from Norway and 19.8 bcm from Russia, according to Gassco and Gazprom respectively.

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The European Commission, the EU executive, said that for 2014 as a whole, Russia was still the main EU supplier, but its total share of imports dipped to 42 percent from 43 percent and in volume terms fell by more than 10 percent.

Norway's share of EU imports increased from 34 percent to 38 percent in 2014



 
 
 
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