PM Modi Norway visit: How did Norway become a gas stronghold? Created identity between America and Qatar, where PM Modi reached

Norway is today counted among the world’s largest natural gas exporters.

Prime Minister Narendra Modi has reached Norway as part of his foreign tour. He got a warm welcome there. In this tour which started from May 15, PM has first reached Norway via UAE, Netherlands and Sweden. This foreign visit of Modi is going to be important in many ways amid the ongoing tension between America and Iran and Donald Trump’s visit to China. Norway is also known for the export of natural gas. It is fourth in the world in this matter.

Come, let us know about the economic strength of Norway on the pretext of this tour. How did this small country become a gas hub? How did America, Russia and Qatar strengthen their identity? To how many countries does Norwegian gas reach?

North Sea changed Norway’s fortunes

Norway is today counted among the world’s largest natural gas exporters. Its name is often taken with America, Russia and Qatar. This identity was not created in a day. Behind this are the resources hidden under the sea, long-term policy and responsible management.

Norway has a large coastal area. There are sea areas like North Sea and Norwegian Sea around it. Exploration of oil and gas intensified here in the 1960-70s. Big stores started being available. It was from here that Norway’s energy journey gained momentum. He focused on the technology of underwater production. Developed the ability to work in harsh weather and deep water.

Norway Source Of Economy Natural Gas Export

Oil and gas exploration intensified in Norway in the 1960-70s.

rule of country’s control over resources

Norway kept a clear policy from the beginning. Natural resources are the wealth of the country. Companies can work. But, the government will decide the rules. There were two benefits from this. First, the country got a major share of the revenue. Second, safety and environmental standards remained under control.Norway created a strong national energy company structure. Earlier it was known as State Oil. Today it is called Equinor. National company did not mean that foreign companies should be excluded. Norway chose the path of partnership. Took global expertise where necessary. National interest was given priority where necessary.

Confluence of technology and infrastructure becomes power

Just extracting gas does not make one an exporter. The gas has to be delivered to the customer. Norway made the biggest investment in this place. He built a long pipeline network under the sea. This network connected Norway to the major gas market of Europe. The advantage of pipeline gas is that the supply remains relatively stable. There is also better control over price and risk.

Demand for gas in Europe gave strength to Norway

Europe has long been dependent on energy imports. There gas has played a role in industry, heating and electricity generation. Norway is connected by sea border. Can make direct connection with pipeline. This is why Europe became Norway’s largest customer region.

Energy markets are often influenced by geopolitics. Sometimes uncertainty over supply increases. At such times, customers look for reliable suppliers. Norway showed itself to be trustworthy and also proved it. He maintained consistency on contract, delivery and quality. Because of this, he got a different kind of identity in the world.

Natural Gas Export Of Norway

The specialty of Norway is that it can supply gas to Europe through pipeline on a large scale.

The specialty is different from Qatar and Russia

Qatar is largely known for liquefied gas (LNG). Russia has historically been a big player in pipeline supply. Norway’s specialty was that it could supply pipeline gas to Europe on a large scale. Besides, it follows its own rules and market-based approach. This balance makes him different.

the country became rich

Producing at sea is risky. There is a risk of leakage and accident. Norway kept strict security rules. He strengthened surveillance systems. Invested in technology. Take steps towards reducing environmental impact. This is not completely zero effect. But, the standards are considered high.

Earnings from energy increased. In many countries such earnings are spent quickly. Norway chose a different path.He created a culture of savings and investment through government investment funds. The objective was that future generations should also benefit from today’s earnings. This provided stability to Norway’s economy.

Norway Currency

Currency of Norway.

To how many countries does Norway send gas?

Norwegian gas mainly goes to many countries in Europe. The major countries to which Norway supplies gas directly or through the European network include the United Kingdom, Germany, France, Belgium, Netherlands, Denmark, Poland etc. The exact figures for countries may change from year to year. The reason is that some gas goes directly, some moves through Europe’s interconnected network. Practically speaking, Norwegian gas reaches a large part of Europe. The number of countries may sometimes be less or sometimes more.

PM Modi reached Norway

What does it mean for India?

India is a big energy importing country. India buys natural gas through LNG. Along with energy, countries like Norway can also cooperate in technology, marine engineering, and clean energy transition. Today the world is working simultaneously on both energy security and clean energy. In such a situation, Norway’s experience becomes important.

In simple words, Norway became a gas hub because it continuously worked on three things. Clear and stable policies, strong technology and pipeline infrastructure and established reputation as a reliable supplier. His focus remains constant on this. As a result, it is getting financial strength. With the combination of these policies, it has created its own identity among big names like America, Russia and Qatar.

Also read: King or Prime Minister in Sweden, who is the head of the country? Where PM visited

Dinesh Pathak

Dinesh Pathak

Basically the reader. Writer by profession. Born on the land of Kabir. Maryada Purushottam was brought up and educated in Ayodhya, the land of Shri Ram. Started career from Lucknow on the banks of Adi Ganga. Sangam Teere Prayagraj, symbol of love From the shadow of Taj Mahal to Devbhoomi Uttarakhand, Kanpur famous as industrial city and while working on the land of Baba Gorakhnath, learned something or the other from scholars, current affairs, youth, parenting, politics, administration, villages, farms and farmers favorite topics. Gossiping with youth in school, college and university is an additional source of energy. This reader’s writing journey, which started from Lucknow, the capital of Uttar Pradesh in the year 1992, reached the smart phone through pen, desktop, laptop keyboard. As age is increasing, the hunger for learning, reading and writing is also increasing. Was editor at five centers in Hindustan newspaper. Five books on youth and parenting. Doordarshan made a serial on a book ‘Bas Thoda Sa’.

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