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Norway gas to benefit from end to coal in Germany - Equinor

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Norway gas to benefit from end to coal in Germany - Equinor
FILE PHOTO: The logo of Norway's company Gassco is pictured on a water tank at the new gas import terminal of Norway's company Gassco in Emden, Germany, May 24, 2016. REUTERS/Fabian Bimmer   -   Copyright  Fabian Bimmer(Reuters)
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BERLIN (Reuters) – Norway, Germany’s third biggest gas supplier after Russia and the Netherlands, can hope to make further export inroads into its energy market as coal is to be phased out, a top executive of oil and gas incumbent Equinor <EQNR.OL> said.

“I’m sensing that there is going to be an increasing demand for gas (in Germany),” said Irene Rummelhoff, member of Equinor’s executive committee.

“I think it could be an increasing market for us going forward,” she told Reuters at a German industry event.

A commission consisting of politicians, researchers and lobbyists is tasked with setting out a shut-down schedule for German coal mining and power generation on Friday or by Feb. 1 at the latest.

(Reporting by Vera Eckert, Christoph Steitz and Tom Kaeckenhoff; Additional reporting by Nerijus Adomaitis; Editing by Douglas Busvine)

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