EU/Norway Energy Dialogue: extracts from the joint press briefing by Andris Piebalgs and Âslaug Haga, Norwegian Minister for Petroleum and Energy

Type: Summary of press conference   Reference: I-057609   Duration: 10:43:34  Lieu:
End production: 29/05/2008   First transmission: 29/05/2008
At a joint press briefing on 29 May 2008 in Brussels, Andris Piebalgs, Member of the EC in charge of Energy, emphasized the importance of Norway's gas supplies to the EU. As Norway plans to decrease its oil production in the years to come, Åslaug Haga, Norwegian Minister for Petroleum and Energy, told journalists that Norway however will increase its gas production over the next decade and that the European continent's market will be the first one to benefit from these supplies. Asked to comment recent calls for lowering taxes on oil products, Andris Piebalgs said this would not be the right response. He added that they should not deviate from the policy that they should limit energy consumption, and tax policy is part of the limitation of energy consumption.

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TIME DESCRIPTION DURATION
10:40:16 Title 00:00:04
10:40:21 Exterior view of the European Commission building 00:00:07
10:40:28 General view of the joint press briefing 00:00:06
10:40:34 Andris Piebalgs, Member of the EC in charge of Energy, (in ENGLISH) on gas supply from Norway; saying that they discussed the developments in Norwegian continental gas supply; the forecast from the Norwegian Minister is that it could be, by 2018-2020, 125 to 140 bcm of gas supply to the EU; that could mean that by that time, it depends also on the developments with Russian supplies, Norway could become the biggest supply of natural gas to the EU 00:00:30
10:41:04 Cutaway 00:00:05
10:41:09 Andris Piebalgs (in ENGLISH) on oil prices; saying that they also spoke about oil prices, their effects, and the importance of keeping good communication between suppliers and consumers, delivering supplies according to market signals; he very much appreciates Norway's role that demonstrates, independently from price volatility, that there is a continuing stream of investments to increase the production and to use existing and new fields to supply the market 00:00:39
10:41:48 Åslaug Haga, Norwegian Minister for Petroleum and Energy, (in ENGLISH) on gas exports from Norway; saying that the situation in Norway is that they will in the years to come have a decline in oil production but they will have an increase in gas production; so, over the next decade, there will be an increase in gas production from Norway and obviously the market on the continent is the market that first and foremost will receive that gas 00:00:31
10:42:19 Cutaway 00:00:07
10:42:26 Åslaug Haga (in ENGLISH) on Carbon Capture and Storage (CCS); saying that their goal is to contribute to the technology that will be internationally commercialized; that is the stage they have to reach; and in order to get there, there is a broad understanding that it could not be done unless some countries are willing to put up government funding in a substantial amount; she is looking forward to the day when they will have the technological breakthrough, where they can capture CO2 in not only gas-fired power plants but also in coal-fired power plants 00:00:43
10:43:09 Andris Piebalgs (in ENGLISH) on lowering taxes on oil products; saying that he does not think that lowering the taxes is the right response; as they face a lot of structural challenges, they should address structural challenges and help where help is needed; but they should not deviate from the policy that they should limit energy consumption, and tax policy is part of the limitation of energy consumption 00:00:25
10:43:34 Cutaway 00:00:08
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