Norway's government intervened today to stop a strike in the country's energy sector that has reduced oil and gas production, a union leader told Reuters.

"Workers will return to work as soon as possible," said Audun Lingwarten, the leader of the Lederne union.

Norway will provide nearly 1 billion euros to Ukraine for humanitarian aid and reconstruction

There were fears that a strike by Norwegian offshore oil and gas rig workers, which began today, could cut the Scandinavian country's gas exports by 56 percent.

This was announced today by the employers' association "Norwegian Oil and Gas", quoted by BTA.

According to France Presse, exports will shrink by 60 percent.

Norway, which is the EU's second largest supplier of oil and gas after Russia, is very important as the country is a reliable and predictable supplier, especially since Russia's Nord Stream 1 gas pipeline will be closed for maintenance from July 11 for 10 days.

The curtailment of oil and gas production was estimated to result in a loss of revenue worth NOK 1.8 billion ($100 million) a day, Norwegian Oil and Gas predicted.

Norway

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