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SSE signs five-year gas deal with Statoil of Norway

SSE has increased its Norwegian gas imports fivefold after agreeing to buy almost a third of its overall supply from Norwegian company Statoil.

They’ve struck a five-year deal for the supply of 2.5 billion cubic metres of gas per year from Norway.

They are just another of our energy giants leaning on Norwegian imports in recent years. Centrica have an even larger supply contract with Statoil.

Tor Martin Anfinnsen, senior vice president of marketing and trading at Statoil, said:

“We are very happy to have made this agreement with SSE. Being the second largest supplier of gas and electricity in the UK, SSE is a significant player in a market that is very important to Statoil. The agreement takes our already established relations to the next level. The agreement with SSE is another confirmation of Statoil’s position as a long term reliable supplier of gas to the UK.”

Any correlation between the increasing dependence on Norwegian gas and the tension between Europe and Russia? We wouldn’t like to assume.

Maybe the Norwegians have just been praying to Thor for some lucrative agreements to fall under his hammer…