A new BofA Global Research report sent to Rigzone recently has revealed the identity of Europe’s number one gas supplier. According to a BofA Global Research report sent to Rigzone recently, Norway is now Europe’s number one gas supplier. Norway supplies around 50 percent of Europe’s domestic gas volumes which equates to around 25 percent of the continent’s total gas consumption, the report outlined. The report highlighted that Norway’s contribution is “even starker considering that virtually 100 percent of this is exported for Europe’s wider benefit, while other major producers, such as the UK, are still net consumers”. “With Russian gas imports already down sharply (35 percent) across 1H22, Norway is comfortably Europe’s #1 gas supplier,” the BofA Global Research report stated. “We see a reliable partner too, with broad cross-party government support providing the industry a clear ‘licence to operate’. We think well evidenced via recent tax changes […]