Image Source: The Daily Herald
Strikes that might have halted the majority of the UK’s gas imports from Norway have been suspended. According to the Norwegian Labor Ministry, the industrial action scheduled to take place later this week has halted.
“The workforce is returning to work as quickly as feasible. Therefore, we are stopping the anticipated escalation, “Audun Ingvartsen, the head of the Lederne union, said to Reuters.
The Department for Business maintained the UK has no problems with gas supply. However, according to ONS data, the UK imports around 50% of its gas, and Norway is the major provider, accounting for 77% of imports.
With several nations reducing their reliance on Russian supplies in response to the conflict in Ukraine, Norway’s oil and gas, Europe’s second-largest energy provider behind Russia, are in high demand.
The Norwegian Oil and Gas Association, the employer’s organization, and the union Lederne, which represents oil and gas workers, had a salary dispute that led to the initiation of the industrial action on Monday.
Three of Equinor’s oil and gas fields had to be shut down as a result of the first phase. On Tuesday evening, more strikes affecting three additional Equinor sites were anticipated.
If the conflict was not settled by Saturday, the union vowed to take more strike action.
However, according to the labor minister Marte Mjoes Persen, who spoke to Reuters, the government had used its power to intervene.
Two terminals—Easington in Yorkshire and St. Fergus in Scotland—handle the importation of Norwegian gas into the UK.
The planned strike on Saturday would have had an impact on UK supply since it would have temporarily stopped the Sleipner field, a crucial hub for gas exports to the UK.
Although the operations at Easington would have only been affected by the prospective strike, Gassco claimed that Easington was far more important than the two, receiving 80 to 90 percent of the gas from Norway.
Gas is transported by Gassco to nations around Europe, including Germany and Belgium. Up to 170 million cubic liters of gas, or over 50% of the company’s total daily delivery volume, are estimated to have been lost due to strike action.