The strike in Norway ended after the authorities intervention

The strike of representatives of the oil and gas industry in Norway ended after the intervention of the country's government in the situation. Experts note that if the strike is delayed, gas exports from the country could be reduced by more than half. 

The strike was mainly attended by the management staff of offshore platforms – workers demanded higher salaries than the planned level. 

As you know, Norway ranks second after Russia in terms of natural gas supplies to the European Union, providing about 25% of its needs. The strike, which began on Tuesday night, has already led to a reduction in daily gas exports from the country by 1%. Analysts estimate that by Saturday the drop would have reached 56%.

Following this, the cost of gas in Europe also jumped, to the highs of March. Prices in the region have risen to record levels, as many power plants run on natural gas.

Yesterday, Norwegian Labor Minister Martin Mies Persen held a meeting with oil companies and employee representatives, after which the union decided to end the strike. 

«When a conflict can have such serious social consequences for the whole of Europe, I have no choice but to intervene in the conflict,» Persen said.

The minister also noted that the EU and the UK are completely dependent on the energy partnership with Norway, so it is extremely important to prevent a reduction in gas production.