Oil and gas workers are on strike in Norway, and it's escalating Europe's natural-gas crisis a week before a key pipeline with Russia shuts for maintenance
The strike comes at a time of tight natural-gas supplies for Europe ashas already cut gas flows to Germany via the key Nord Stream 1 pipeline by 60% from last month, citing an equipment hold-up in Canada as a result of sanctions over the war in Ukraine. The pipeline also supplies other countries in Europe.
Berlin fears the situation may get worse after the pipeline's scheduled shutdown for maintenance from July 11 to July 21. , said last week natural-gas flows may not resume after the scheduled works, which would in turn impact fuel storage ahead of winter, when demand spikes. "Obviously this is not great for the EU, given the region is already having to deal with reduced pipeline flows from Russia," Warren Patterson,
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